Well, I'm on board now.
Unless I'm mistaken, a well at Beehive is going to cost $30m to drill with all the risks attached (look what happened with BYE and their sidetrack wells).For a $40m market cap, a $30m well is a big bite. Add to that the "production linked payments" (which look like a royalty to me) and the company has got tremendous upside for NO RISK and no need to raise more capital.
I like it a lot.
Well, I'm on board now.Unless I'm mistaken, a well at Beehive is...
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Last
2.2¢ |
Change
-0.002(8.33%) |
Mkt cap ! $74.14M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.2¢ | $39.40K | 1.714M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 2355194 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.4¢ | 3842832 | 11 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| MAY (ASX) Chart |