Well, ROC is finally off it's lows. I went through their report yesterday...The hedge book loss has been a bitter pill for the results. Everything else looks very favourable. Net cash flow of $81M...debt of $130M +/- (i.e. very manageable). Doubling of reserves with merger; + development upside. Hartley's valuation at $ 3.40 (take that with a grain of salt)
My av. price is $3.15. So I'm already stupid, but this coy. has been ABSOLUTELY hammered! That's fine if it was a specy explorer, but ROC has reserves and produces!
I don't want to be doubly stupid, but it looks a good time to get in and av. down, and try and save something.
Any advice; as I have lost faith in my own judgement of late?
1.17 must be a buy ... or am i stupid.
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Last
8.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.516M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.0¢ | 70784 | 1 |
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| Last trade - 16.12pm 06/08/2024 (20 minute delay) ? |
| ROC (ASX) Chart |
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