Good post
I would exclude the value of tax losses.. sure they're worth something at some point, but most small cap oilers on the ASX have some losses as well...
I have scooped up the bit for sale at $0.016. I haven't bought stock in quite some time, but seeing it's now well below cash + BRK holding (by about 15-20%), it's a no brainer. Cash balance growth will remain limited in the next quarter as the advance on the investment is drawn so I expect this is what's got the stock relatively suppressed (like it was at 1.1-1.2 about 6 months ago). But all in all we are averaging $2m of cash profit (circa) per year, so even if we remain suppressed in another 6 months I think we'll be seeing 1.8+ and still complain market cap is below cash + share investment.
Just my opinions.
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Good postI would exclude the value of tax losses.. sure they're...
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Mkt cap ! $6.159M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1650734 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 869332 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1650734 | 0.008 |
6 | 3624455 | 0.007 |
2 | 340009 | 0.006 |
2 | 1000000 | 0.005 |
2 | 1300000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 735999 | 1 |
0.010 | 1152010 | 5 |
0.011 | 20690 | 1 |
0.013 | 100000 | 1 |
0.014 | 111111 | 1 |
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