A tough day but it was the most likely result with a 72% chance of failure .
It was still a very good risked investment given the huge upside on a discovery result .
Things could be worse as we have support at around the share price we had before the run up to the Cervantes drill and that prospect is gone .
I presume they will not be taking up their option for the second well .
It is all about the Cooper Basin gas now .
If you invest in explorers you have to get a few bruises .
Ann: Cervantes-1 Plug and Abandon, page-17
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.342M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $164 | 54.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 10390895 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 13034974 | 11 |
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| Last trade - 15.00pm 17/09/2024 (20 minute delay) ? |
| MEL (ASX) Chart |