I am a bit confused / baffled by the Markets valuation of OEL .The cash flow over the life of SM-71 screams at me that it should be much higher.
The Market is valuing the exploration assets at virtually zero , Nada !
I have resolutely added as the price has sunk back under 6.3 cents and have a very big holding now .
I am still a few percent in the green but the chart says I won't be soon .
What does the Market know that I do not ?
It did give me pause when an insider with a large holding sold out at 5.5 cents .
I rationalized it as "people need money for all sorts of reasons ".
It is emotionally hard work betting against the market .
Am encouraged after buying a large parcel in CVN while there were rumors about that there were troubles in the drill .
More than trippled in a short period with probably more to come .
Emotionally felt a bit like I am feeling about OEL now , before the Announcement of the discovery .
OEL is a bit different because its production cuts out most of the downside .
Hope no one thinks I am blowing my own trumpet , just trying to encourage holders who will be getting frustrated and a bit emotionally beaten up by the price slide .
When there is any good news from exploration over the next year things could move fast .
CVN has undoubtedly found an elephant but Alaska is elephant country too .
As always in exploration we just need a bit of luck .
gltah
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $5.9K | 491.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 12272711 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 4964014 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 12272711 | 0.011 |
4 | 2258780 | 0.010 |
1 | 100000 | 0.009 |
2 | 245123 | 0.008 |
7 | 1836283 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 1414320 | 4 |
0.013 | 13558765 | 18 |
0.014 | 5599735 | 10 |
0.015 | 4759572 | 8 |
0.016 | 248004 | 2 |
Last trade - 10.06am 19/07/2024 (20 minute delay) ? |
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OEL (ASX) Chart |