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
7.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.18M |
Open | High | Low | Value | Volume |
7.9¢ | 8.0¢ | 7.9¢ | $1.961K | 24.82K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 679890 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.4¢ | 97499 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 679890 | 0.079 |
4 | 1083012 | 0.078 |
1 | 65000 | 0.077 |
3 | 252186 | 0.076 |
4 | 66803 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.084 | 97499 | 1 |
0.087 | 180517 | 3 |
0.088 | 90000 | 1 |
0.089 | 100000 | 1 |
0.090 | 90000 | 1 |
Last trade - 15.44pm 18/07/2024 (20 minute delay) ? |
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