Yes that is one of the negatives but having a rights issue for all holders after the consolidation would be great to average down and build some capital and show the market some direction from mgmt. with S/Hs not just placement to mates....
Also I don't think getting to 40-45c will be that hard once the Cashflow start flowing and the outlook of $20-$40mill in returns just off Yarrow should we see the SP towards $2-$4 (If we had only 16-20mill shares on issue etc)
(The recoverable gas from Yarrow is estimated to be valued roughly £112m (A$200m) at prevailing natural gas prices in the region. $ROG free carry for 20%)
I really don't get the love affair with sub cent or sub cent SP's we have on the ASX
Yes that is one of the negatives but having a rights issue for...
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $27.11M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $5.469K | 1.340M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 7207458 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 62473066 | 102 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| ROG (ASX) Chart |