There's no urgency on finding new opportunities unless you've got a very very strong view on exactly where the oil market will be in the short and medium term. No one has this.
The reason why there's no urgency is because:
1. We are sustaining
2. The nature of our non-operating business model
3. The market cap is already below cash backing
4. Uncertainty in the market
I think by waiting, uncertainty with the economy is rising, which means prices are getting better and the ROI possible investment is getting higher. The ROI on our assets is also rising as the cash and EV increases. Jewell is providing ample runway.
Look at SHE shares as a bank account.
Ann: Quarterly Activity and Cashflow Report, page-6
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Last
0.9¢ |
Change
0.002(28.6%) |
Mkt cap ! $6.159M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $10.02K | 1.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6984739 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 745879 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SHE (ASX) Chart |