This one needs a very wide berth. The announcement essentially says most revenue streams are ending shortly if not non-existent, no doubt the drilling contracts were won on substantially poorer terms for the one rig that will be in operation. Funding will be becoming more and more of a problem, nothing on the horizon in their markets for the next 6 months that will change the game.
I hope they hang in there but the road will be extremely rocky.
Ann: New Drilling Contract and Trading Update, page-5
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Mkt cap ! $13.56M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $125 | 24.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 12473818 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 7145588 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AUK (ASX) Chart |