ts hard to see what is cheap and expensive in this market at the moment I mean cooper energy is still making 100million EBIT and was trading on a MC less than MAY yesterday.
That's why the movements are so violent on these explorers. Yes they have potential to make millions but if they keep missing these proofs to the market that they can extract/flow the oil to a market. Telling the market we can pump it out at 750 barrels a day without actually proving is not enough and rightly so deserves the treatment today.
Ann: Block 9 Alameda 2 Appraisal Update, page-283
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3.3¢ |
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Mkt cap ! $111.2M | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
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| MAY (ASX) Chart |