Yes but that is why they have gone down this track. If it is a dud, they may choose not to continue with drilling any further wells, and have lost nothing.
If it is a good strike then the value of the SP would have increased and the potential would appear to be a company maker. Any additional costs for future drilling would not be a problem for company or Share holders.
Yes 15% is less then what they have originally held, but 15% of something is better then 100% of nothing.
Yes but that is why they have gone down this track. If it is a...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $5.994M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.04K | 510K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 8875498 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5315318 | 9 |
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| Last trade - 10.05am 01/08/2024 (20 minute delay) ? |
| BUY (ASX) Chart |