I was told net cash stands at USD34m post the final BHP payment
USD34m @ FX0.72 = AUD47.2m / 1.18b shares = 4cps cash
Sp closed at 2.2c today which is a 45% discount to net cash of 4cps.
Just thought it deserved to be documented, as I've never seen an oiler trade this cheap before.
3c sp was a 25% discount, and understandable in this market for a speccy with no near term drilling.
Will be interesting to look back in a few weeks/months time.
Either it was a fantastic buying op, or we learn of some horrendous news that the insiders knew ahead of us.
2.2c SP is 45% discount to net cash
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $12.34K | 1.028M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 17892904 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 12332282 | 21 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| OEL (ASX) Chart |