Rig utilisation for Sept 2017 quarter just announced today to be at 63% of capacity (40 rigs) up from 35% capacity (22 rigs) for June quarter.
Drilling prices 30% below peak of last cycle.
At full capacity this is on a cashflow multiple of around of 4 times.
When rig count gets to 63 rigs in use for a full year the share price will be much higher than where we are today!
Ann: Presentation - Noosa Mining Conference, page-12
Add MSV (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
40.0¢ |
Change
-0.005(1.23%) |
Mkt cap ! $85.43M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 40.5¢ | 40.0¢ | $67.60K | 167.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 257390 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 50004 | 3 |
View Market Depth
| Last trade - 12.51pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
40.5¢ |
Change
-0.005 ( 1.25 %) |
||||
| Open | High | Low | Volume | ||
| 40.5¢ | 40.5¢ | 40.5¢ | 28687 | ||
| Last updated 12.51pm 14/06/2024 ? | |||||
| MSV (ASX) Chart |