Yes, and that's the sad truth and why I ended up walking away with a loss... so glad I did .. CUE/NZO are just value traps ..
funds have done very nicely elsewhere
ROI I just don't see the case sadly for holders .. they could well grow their production profile in AUS and cash backing ..but unless OG Global change tack and want more than just a sideline holding to just keep investing in maintaining production ...
where is the real upside SP driver going to come from? another Ironbark? I don't think they will become a yield play like many in the sector have..
INDO isn't a great O&G investment case country IMHO with their high royalty tax rates ..
I have a few friends/family who like me years ago loaded up in CUE(but keeped holding) .. so like to keep an eye on operations ...I hope that NZO will put CUE out of its misery then OG take the last 30% of shares in NZO out and take it Private as that's the way its being run!!!!
Ann: Notification regarding unquoted securities - CUE, page-17
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Last
9.6¢ |
Change
-0.004(4.00%) |
Mkt cap ! $67.04M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 9.8¢ | 9.6¢ | $13.02K | 134.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 138874 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 209014 | 5 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
9.6¢ |
Change
-0.004 ( 2.74 %) |
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| Open | High | Low | Volume | ||
| 10.0¢ | 10.0¢ | 9.5¢ | 141873 | ||
| Last updated 15.40pm 14/06/2024 ? | |||||
| CUE (ASX) Chart |