Cheers EL & SL,
I would prefer to be forward looking - management have slimmed down the company over the last few months, and have shifted their focus to their current & impending producers - just like a junior oiler should.
I think that the institutions will look on the raising positively, as it removes the future doubts about funding, and assures the development of BMG - ie future profits. Combine this with the current cashflow generation and I think they will buy up.
Current cashflow from 10000 bbl/day @$50/bbl - is covering their ongoing exploration and development also - meaning right now at $70/bbl, $200k/day, $6million/month, $72million a year free cashflow generation to put towards BMG also. (rough figures)
I reckon 75 cents will be around the mark for the cap raising.
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Last
7.1¢ |
Change
-0.014(16.5%) |
Mkt cap ! $7.113M |
Open | High | Low | Value | Volume |
7.1¢ | 7.1¢ | 7.1¢ | $2.096K | 29.51K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 70784 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.070 |
1 | 15000 | 0.066 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 70784 | 1 |
0.120 | 183443 | 2 |
0.130 | 25000 | 1 |
0.135 | 29500 | 1 |
0.140 | 15595 | 1 |
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