I don't expect to see any further drilling until after the review, and only if it recommends not selling off the Co. The review IMO is an attempt to distance MU from any decision to sell off the co as he clearly now has a conflict of interest after touting growing the co for so long, predominantly to fill in the space and keep holders happy while waiting on GC21.
The needle has been swinging further toward selling off the co IMO since late last year when they didn't follow up on OBS and MBW. Further small wells, even if successful, will only serve to complicate the sale process, and would be lucky to recover much more than drilling costs. Castex, being the only practical suitor may not be that flush with cash, or credit credentials.
I don't expect to see any further drilling until after the...
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Last
1.3¢ |
Change
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Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $10.82K | 832.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 2688085 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 7217741 | 13 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
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| Open | High | Low | Volume | ||
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| Last updated 15.59pm 03/05/2024 ? | |||||
| OEL (ASX) Chart |