Not too sure about the validity of your comment: re the Board of DLS being more experienced than that of TDO
TDO have the cash reserves to go it alone for a few years while the market fixes itself. DLS, per a previous post of mine, will struggle.
Not too sure if it would be viable for either to "prove up their resource" with oil at 35 a barrel. Leave it in the ground until we're back up to roughly 80 - 100 a barrel, then begin works again.
Anyway, to the crux of the issue: 4 to 1 is not enough - no where near enough. Anyone selling at this price, IMO, has been given some very poor advice.
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Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.20M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 6.9¢ | $6.131K | 88.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 55000 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 11157 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 55000 | 0.068 |
2 | 99551 | 0.067 |
2 | 73001 | 0.066 |
1 | 76923 | 0.065 |
1 | 200000 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 11157 | 1 |
0.071 | 20000 | 1 |
0.072 | 100000 | 1 |
0.075 | 66419 | 1 |
0.079 | 97499 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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