Agreed, market is unimpressed even though there is lots to like in this announcement.
Clearly there are only 2 things that will see a re-rate of this stock now:
1. Deal on Montey (partial sale/JV/full sale) - whatever will provide a clear 3rd parth pointe of reference for value and/or crystallise value
2. Actual cash flow generation (at least $10m per quarter FCF, post capex and growth), for at least a couple of quarters - this negates any noise/excues around oil price/hedging/cost overuns/production
Agreed, market is unimpressed even though there is lots to like...
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $5.701M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.9¢ | $120.4K | 13.19M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4959827 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 2350353 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CE1 (ASX) Chart |