Everyone should do do their own research
I did some research into your research James.In connection with this observation :
the only two companies above that I see are close to CE1's price metric is YGR and GTE both at 1.6x
Both are in the higher risk category with significant debt. GTE operates in Ecuador with long term debt of $581m .YGR generates 42% only of revenue from oil and it's carrying debt of $90m .Blackspur's debt is to its parent Calima . It has nil debt and generates 70% of revenue from oil.
Let's compare apples with apples please.
Incidentally bought more CE1 today.
here's another chance to withdraw this statement:
If the offer was revised down from "materially higher than current market cap" to even half of CE1's market cap I am sure they would've taken the offer.
Everyone should do do their own researchI did some research into...
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $5.700M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 1.0¢ | 0.8¢ | $100.8K | 10.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 772763 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2713985 | 7 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |