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14.3%

0.4¢ australian oil company limited.

Single +million shares bids being put up today at 0.073 cents...

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SallySet

5,740 Posts.

1066

20/01/21

10:59

Post #: 50299347
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Originally posted by jwgloede: ↑

Anyone else get the feeling this is trading like more funds are about to be raised?? very low volume, holding the price up well??

This Friday is the GM, ratification of 7.1 & 7.1A will allow up to another 67Mill shares to be issued if required.

The last raise was completed at .035c the next could be done at .07c (100% gain on the 1st) and would be well supported if it guaranteed a spud date.

Im confident the wheels are turning hard behind the scene to ensure everything is being considered to firstly drill Borba (and succeed) & secondly finalizing a WI structure that maximizes leverage for SGC shareholders first and foremost.......stated by GJ in the last update.

The thoughts above are all in my opinion..... however if a CR to lock in Borba and the final WI is complete.... then they have my vote to do so, it may even lead to SGC retaining in excess of +51%WI (60%....???)

I’m sure we are close to the next significant announcement and step forward either way. GLTAHs (XST included)

JW

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Single +million shares bids being put up today at 0.073 cents (possible inside buying at the highs?)

Wrong price environment for a cap raising.

SGC Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.001(14.3%)		Mkt cap ! $3.778M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$876	219K

Buyers (Bids)

No.	Vol.	Price($)
18	16455686	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	4706204	5

View Market Depth

No.	Vol.	Price($)
18	16455686	0.003
9	8084666	0.002
4	51800500	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	4706204	5
0.005	4750245	4
0.006	7027961	6
0.007	4301142	3
0.008	5001991	2

Last trade - 09.59am 07/10/2024 (20 minute delay)

AOK (ASX) Chart