62 Strat , thanks for your posts, regardless of those that cant add up, its nice to see someone seeing what Im seeing. A cash flow problem with a company like this sitting on good assets is never a problem anyway, if no-one will lend them money they always have you and me.
Re the Cap raising : To me this is excellent news.....
Two things have happened that have reduced the long term risk massively on this stock. Farm in with Shell and a Cap raising.
The market may not take this lightly in the short term and hammer the stock. I hope so, because I will just buy in.
To me the business is evolving. We tried to do it on our own back, ran into some problems, get a cash injection and away we go. In a couple of years we will all be wondering what we were so worried about.
announcement out, page-9
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Last
85.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $193.8M | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 85.0¢ | 85.0¢ | $96.18K | 113.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.5¢ | 833 | 2 |
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| Last trade - 10.24am 10/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |