I have no idea what point you are trying to make. All your post shows is that the market is unmoved by all these wondrous announcements. Maybe it wants some hard facts such as the state of play on W7, how Strike will fund a processing plant for Its share of WE gas post FID, whether AEMO will award it capacity credits so late into the 2025 and 2026 award cycle, whether it can use any of the Macquarie debt to fund the peaking plant and how it will fund the balance, what is the position on W6 given that they had a slick line rig trying to open things up, whether there is any gas in Ocean Hill and if there is, whether it is all tight?
The position could be good if there are good answers to all these questions but given the succession of weasel announcements like the absurd way they are testing W7, I for one, doubt the position is robust. I think Stuart is trying to drag things out until someone makes a bid and trying to find some real news to get the price up. As I have said before, there is just no sign of that happening. Bids will limp in if the price drops below about 17c but not until then and I doubt there will be a red hot auction even then.
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Last
18.5¢ |
Change
0.015(8.82%) |
Mkt cap ! $530.0M |
Open | High | Low | Value | Volume |
17.5¢ | 18.5¢ | 17.5¢ | $1.194M | 6.650M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 835380 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5000 | 0.190 |
7 | 348350 | 0.185 |
6 | 697985 | 0.180 |
15 | 1174367 | 0.175 |
23 | 1824005 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 2604 | 1 |
0.170 | 2334 | 1 |
0.175 | 2 | 1 |
0.180 | 151440 | 2 |
0.185 | 709795 | 13 |
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