yes, we know the two biggest issues for COE and the Insto investors are BMG abandonment, and increasing Orbost's prodn to nameplate.
I think the first of those to be resolved will be BMG. If it is completed within budget, and in a reasonable timeframe, that will be a big positive.
If they can then get Orbost to produce consistently at say 60tjd, and I mean consistently, then that will mean a big boost to revenue and cashflow.
Once those two issues are seen by the market as resolved, then if COE's SP remains in the teens, then I bet my house that COE will cease to be an independent O&G producer, as it will get swallowed-up by another O&G company.
No guesses as to which O&G company that might be.
The mkt will not sit back and watch COE generate serious cashflow at these share prices.
yes, we know the two biggest issues for COE and the Insto...
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Last
19.5¢ |
Change
0.010(5.41%) |
Mkt cap ! $514.8M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.5¢ | 18.5¢ | $787.0K | 4.062M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 85827 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 256067 | 1 |
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| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| COE (ASX) Chart |