Seems your crystal ball doesn't consider fundamental analysis
2.1c cash backing
10% of the register being bought back on market, with the company having paid up to 2.1c previously
Major buyers of the stock is the company and substantial holders (hint)
Has a huge range of O&G JV's, royalties and assets that management can either progress, sale or otherwise
IMO, once they are done with the asset review, sold none core assets and dealt with the flagship ones, this will have a value of 3-4c - hence why they are buying back stock now and the substantial holders are loading up
Check out LMR - very similar scenario, stock ran 83% during the buy back before a T/O
Seems your crystal ball doesn't consider fundamental analysis...
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Last
$1.13 |
Change
0.035(3.21%) |
Mkt cap ! $39.99M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.13 | $1.09 | $29.55K | 26.42K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20669 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 39744 | 3 |
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| Last trade - 13.06pm 28/06/2024 (20 minute delay) ? |
| NGE (ASX) Chart |