Because the market has the blinkers on and can't see this valuation is well under valued and will catch those napping when the market starts to look about.
As mentioned in my post earlier today this SP should by calculation be at a minimum of $0.038 cents now. That is set, number of acres held, acreage value, shares in the registry tell us that.
The next announcement towards drilling rates, oil retrieved and what percentage Brooksided stake is might make a few look but it might have already appreciated by that point.
Happier to be in now than out.
Anyways IMO time will tell and time is short DYOR
Keep well Cheers Paul
Because the market has the blinkers on and can't see this...
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1.2¢ |
Change
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Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $109.9K | 9.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 10848681 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 22910913 | 18 |
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| Last trade - 15.44pm 28/06/2024 (20 minute delay) ? |
| BRK (ASX) Chart |