I know this company now has become literally irrelevant but what is the play now for United Petroleum. My take is their 20% stake has now halved. The current theoretical pre consolidation price is now at 4.5c !! which is barely above COVID levels. Surely the United guys will make a play or move on. Can’t see them sitting through another 5 years of this going eternally nowhere. Without them making a play to take out RFG it has been an incredibly poor investment by them. They could probably take the whole thing out at 7c now. Maybe they are waiting for the market cap to go sufficiently under $100mill before they take it out. Either that or it continues dying a painfully slow death.
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Last
$2.00 |
Change
-0.100(4.76%) |
Mkt cap ! $125.8M | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.09 | $2.00 | $61.02K | 30.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6857 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 1350 | 1 |
View Market Depth
| Last trade - 11.36am 30/06/2025 (20 minute delay) ? |
| RFG (ASX) Chart |