The challenge is the headline result did not meet expectations of at least same flow rate as Watsia 4 (for understandable reasons - well dynamics/size/depth etc)...coupled with current funding gap and another 12+ months minimum before commercial well activity means the market is determining appropriate Market Cap. This will take time to appreciate without take over offer IMO.
Ann: Outstanding West Erregulla Flow Test Results, page-144
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Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $644.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 23.0¢ | 22.0¢ | $1.056M | 4.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 262128 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 3834531 | 37 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |