No arguments on your strategies to take profits into the drilling.
What market cap do you think Sambuca will support as the spud date nears in 2010. Shareprice is irrelevant given they will probably have a couple more cap raisings between now and then.
Current market cap is already $33mil @13cps.
If you were hoping for 2 bagger gains prespud that would demand a MC of $100mil ! Big ask for a junior explorer with no reserves/production and little cash.
1 billion barrels of oil potential, page-73
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Last
9.9¢ |
Change
-0.001(1.00%) |
Mkt cap ! $56.22M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.8¢ | $19.69K | 197.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 43001 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 200000 | 2 |
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| ADX (ASX) Chart |