if you are using assets to value then an allowance needs to be made to write down Orbost. It’s only processing Sole gas at the moment and if Dole can’t generate a profit then no need to process the gas. That why I think Orbost I worth a small fraction of the price paid for it if Sole can’t be turned around.
similar story with Athena and Casino Henry etc.
COE will hit debt covenants well before they reach a shareprice that reflects asset value.
There were a few people on HC that made personal attacks in me when I raised solvency as a risk but it’s a risk that is now material.
please don’t listen to the Jakes and the like of the world. In all likelihood they sold out years ago and are just happy to see new shareholders lose out. Maxwell also monitors this site and has many friends set up accounts to attack critics of COE
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20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $541.2M |
Open | High | Low | Value | Volume |
20.5¢ | 20.8¢ | 20.0¢ | $942.5K | 4.608M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 4992864 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 753642 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 120 | 0.210 |
3 | 80000 | 0.205 |
23 | 1163314 | 0.200 |
8 | 537135 | 0.195 |
9 | 457778 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 2283 | 1 |
0.210 | 697034 | 11 |
0.215 | 673735 | 6 |
0.220 | 259674 | 4 |
0.225 | 1045964 | 8 |
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