if we get early news it will likely be negative, cracked drill/perforated something bad that needs further analysis blah blah blah..... I'm totally happy not hearing a peep out of this thing this week and getting an update on day 30, so Tuesday 7th March (6th US time) is day 30 for me.
Management would be wise to have a buyback approved and ready should this go south, as a trader this would look a lot better if they had 100m on the bid at 1 cent. Totally reasonable course of action as well given they have 20-25m USD just sitting there. I've seen a few companies announce a buyback and not follow through, why not at least be prepared. Sadly the board has little capital management experience and probably don't even understand this option.
if we get early news it will likely be negative, cracked...
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $52.74M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $11.07K | 949.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 12347662 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 9927894 | 13 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| OEL (ASX) Chart |