Gotta, I know one of those people was just a desperate long-term holder grasping at straws to average down on his massive current paper losses, hoping something will come of it in the end, if only to reach 3 cents to break even and slowly back away having learned his lessons about investing in micro-small companies.
I was looking again at their latest releases, and do understand why they pulled out of Jany based on $20 oil barrel prices. Talk about the worst possible perfect storm to decimate a stock's hopes. Now is the question of what they will do with the ~$2MM : Option 1, they haven't released the GAS pressure results and haven't ruled out going back into Siciny for the 21 square meters of conventional gas at the shallower Rotliegendes depth; Option 2, going after a new Rotliegendes Gas well at Rawicz North, but how much additional CR would they need on top of their $2MM to pull that off and could they get a CR in this economy (plus Option 2b of perhaps conning JKA shareholders to pony up the funds); Option 3, sitting on their cash until Q3-ish when they get word they have won some of the 7 bids in South North Sea and wait for the Oil prices and economy to get better and launch a CR to go back into those existing wells and pump out what the previous owners left behind; or Option 4 <someone-insert-something-viable-here-to-give-me-hope> ?
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Gotta, I know one of those people was just a desperate long-term...
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Last
0.7¢ |
Change
0.001(8.33%) |
Mkt cap ! $18.25M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $2.843K | 472.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 19621686 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 32133315 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 19461686 | 0.006 |
24 | 6029943 | 0.005 |
9 | 5152500 | 0.004 |
3 | 3816666 | 0.003 |
4 | 7200000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 32028188 | 23 |
0.008 | 6096070 | 7 |
0.009 | 2250000 | 4 |
0.010 | 1360000 | 7 |
0.011 | 743000 | 1 |
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