GAS 8.70% 4.2¢ state gas limited

This report still does not provide enough information.CNG...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 305 Posts.
    lightbulb Created with Sketch. 176
    This report still does not provide enough information.
    CNG Project was to take 6 weeks with first gas immediately thereafter (18 July 2023 presentation).

    This quarterly includes as a highlight that preparatory work is now complete allowing company to be ready to immediately commence construction.
    However when you keep reading it will not commence until funding arrangements are complete. How much funding is required and what is forecast timeline?

    Also need funding for additional wells adjacent to Rougemont 2/3.

    Looks like existing shareholders will be further diluted by another capital raise. Management need to earn their keep by keeping the dilution to a minimum but do not like our chances.
 
watchlist Created with Sketch. Add GAS (ASX) to my watchlist
(20min delay)
Last
4.2¢
Change
-0.004(8.70%)
Mkt cap ! $16.69M
Open High Low Value Volume
4.6¢ 4.6¢ 4.2¢ $37.29K 850.0K

Buyers (Bids)

No. Vol. Price($)
1 47620 4.2¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 67558 1
View Market Depth
Last trade - 11.38am 01/11/2024 (20 minute delay) ?
GAS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.