On todays close the Market Cap of CE1 is about AUS $54 million do your really think that a sale of the Blackspur asset for $27 million would be an attractive price for it ?
It is clearly worth far more than that .
It would produce more cashflow than that in about a year if they just stopped drilling altogether and let the production drop .
I think your analysis for what it is worth is wrong .
On todays close the Market Cap of CE1 is about AUS $54 million...
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.334M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 1.0¢ | 0.8¢ | $66.23K | 7.434M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16074018 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 3293336 | 12 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |