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9.7¢ cue energy resources limited

Ann: Mahato PB-07 production well online, page-8

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HairyRichard

3,856 Posts.

543

29/12/21

12:28

Post #: 58547103
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Originally posted by Windsor76: ↑

Yes it really is rather amazing to find a stock with a P/E ratio less than 2. Many DOW industrial shares are selling on a P/E of 38. With that low P/E, no debt and increasing cash flow it is hard to understand why the shares keep selling at .066 and a m/c of only A$46m. For some reason management does not appear to be interested in promoting the great results the company are producing . The controlling interest by NZO may be the reason . Since NZO went to all the trouble of listing on the ASX it has been an absolute joke. The current spread is a crazy 50% and it is a massive occasion if the shares trade never mind even going up or down. The only reason for the current situation IMO is that NZO want all of CUE at some point of time for a bargain basement price. Anybody else got any ideas for the current silly situation?

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I think you're halfway there
Directors and management have a lot of skin in the game but its a little tricky to follow the breadcrumbs back to the overlord parent company in Singapore. I'm not sure why CUE or NZO are even listed, but ultimately I think this goes down the takeover path. No idea when that will be however.

CUE Price at posting: 6.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 9.7¢		Change 0.000(0.00%)		Mkt cap ! $67.77M

Open	High	Low	Value	Volume
9.8¢	9.8¢	9.6¢	$16.38K	168.8K

Buyers (Bids)

No.	Vol.	Price($)
1	2085	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.9¢	64604	1

View Market Depth

No.	Vol.	Price($)
1	2085	0.097
3	163227	0.096
4	263252	0.095
1	10000	0.093
1	9646	0.092

Price($)	Vol.	No.
0.099	64604	1
0.105	286999	4
0.110	589880	7
0.115	20781	1
0.120	247429	2

Last trade - 15.07pm 07/10/2024 (20 minute delay)

CUE (ASX) Chart