Or more importantly - even if jet3 ran dry within days of starting production the stock would still be undervalued at these prices - so downside is minimal in the medium term.
I don't have the confidence to buy 600K of them though 200K is fair - too many oilers at bargain basement prices at the moment to miss out on one (PYM, INP, STU, SAE, SEA, TDO, PPP, EMR and others). BUR has likely the best longer term potential but don't like to have too many eggs in one basket (biggest stake in BUR though).
strange stock, page-12
Add BUR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $20.3M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.5¢ | $5.187K | 38.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33489 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 71300 | 2 |
View Market Depth
| Last trade - 13.14pm 05/06/2024 (20 minute delay) ? |
| BUR (ASX) Chart |