If anything the market sees a capital raise to accelerate the drilling campaigns and Kiwi as a possibility but I don't know. This would explain the selling which is completely normal if say the raise price is 5c.
I also think another deal with the neighbours is possible like Beach Energy or Santos.
Monthly update and annual report with what I believe will be a net profit of about US$100K due this month.
Just some opinions on the positive side.
Ann: 2023 Reserves and Contingent Resources, page-51
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Last
6.5¢ |
Change
-0.005(7.14%) |
Mkt cap ! $18.87M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.0¢ | 6.5¢ | $23.16K | 349.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45407 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 1217005 | 3 |
View Market Depth
| Last trade - 15.32pm 21/05/2024 (20 minute delay) ? |
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Last
6.5¢ |
Change
-0.005 ( 4.41 %) |
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| Open | High | Low | Volume | ||
| 6.7¢ | 6.7¢ | 6.5¢ | 67192 | ||
| Last updated 14.53pm 21/05/2024 ? | |||||
| BAS (ASX) Chart |