I agree it is an appraisal well, but the point of the exercise is to get production up to 5000 barrels per day. Expectation is built into the current share price, confirmation should see the price firming up higher. Today's trading doesn't indicate a retracement, in fact the price is consolidating around the mid- sixties There are a lot of buyers (some very big) who are in for the long term - the sellers are probably the traders out for a dime or two, and seem a bit thin on the ground
arq comments, page-9
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.26M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.8¢ | 14.5¢ | $2.94K | 20.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1368049 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 1274380 | 30 |
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| Last trade - 12.19pm 07/10/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |