WOW... this was handled poorly. What a poor announcement (not just the duster... but the way it was presented)
Shouldn't have opened this morning - it should have been in TH... allowed 20m shares to be dumped in the first hour (thats a pretty high volume traded in an hour considering normal day trade is 20-40m in a whole day with bigger price movements)... and left a whole bunch of buyers holding the bag under questionable circumstances.
Going into TH would have given them time to issue a better statement with more info and maybe not had as drastic an effect on share holder sentiment and price.
The price has been (rightly & also unfortunately) smashed due to this anger and poor sentiment and questions about insider trading (again!). IMHO it is overdone. At time of writing this we have a MC of $13.5m... about $9.5m cash (pre-spud) giving us an EV of around $4m (not sure what this drill cost us). We have another drill in a different prospect in a few months. But more in importantly we have up to $16m from Cliff Head starting to come in in a few months (at least $8.5m in the first 2 stages). And we also have our holdings in GAS.
By my calculations, with a MC of $13.5m right now... we are priced below our cash and asset valuations right now.
- Forums
- ASX - By Stock
- TEG
- Ann: L7 Booth Results
Ann: L7 Booth Results, page-39
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
-0.007(50.0%) |
Mkt cap ! $14.56M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 0.6¢ | $994.3K | 125.7M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 11951663 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 448147 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 11951663 | 0.006 |
25 | 12142698 | 0.005 |
12 | 9983000 | 0.004 |
6 | 9227700 | 0.003 |
5 | 12944445 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 448147 | 1 |
0.008 | 6287774 | 13 |
0.009 | 8457027 | 15 |
0.010 | 9296304 | 10 |
0.011 | 3466667 | 3 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
Featured News
NEWS
Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo
BOE
Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan
DVP
Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place
NEWS
Is oil undervalued?
TEG (ASX) Chart |