Looks like some M&A is a possibility. If that happens then it will almost certainly narrow the gap between NTA and the current share price. Despite all the doom & gloom, a $16M market cap looks extremely undervalued. The 5-10 year outlook is very good because O&G capex will have to catch up after a prolonged slump. The cycle will turn.
Ann: Operational and Strategic Update, page-2
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Last
33.0¢ |
Change
-0.015(4.35%) |
Mkt cap ! $77.94M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.5¢ | 33.0¢ | $10.36K | 30.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7307 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 17627 | 2 |
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| Last trade - 11.46am 09/08/2024 (20 minute delay) ? |
| MCE (ASX) Chart |