I am not so sure about 20 cents, at least not so soon.
However IMO this is one of the best bets on the ASX to move up into the teens in the next month or so. For me that makes it a great investment returning another 15 - 20% on my money. I did buy some at 4 cents.
Why I think we will get into the teens. From past company announcements we do have oil in the hole. As we get closer to testing and appraising it will move up away from the 10 cent mark IMO.
How much oil is the question. I rode IVZ from 5 cents to 27.5 cents on similar expectations and so far they have not declared a discovery yet it still got to 40 cents.
If we go higher to your 50 cents @Roch2077 that would be awesome.
GLTA.
I am not so sure about 20 cents, at least not so soon.However...
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Last
5.3¢ |
Change
-0.002(3.64%) |
Mkt cap ! $178.6M | |||
| Open | High | Low | Value | Volume |
| 5.6¢ | 5.6¢ | 5.2¢ | $139.5K | 2.572M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 122484 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.5¢ | 500000 | 1 |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
5.4¢ |
Change
-0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.5¢ | 5.5¢ | 5.2¢ | 1076722 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| MAY (ASX) Chart |