Sorry mate, i think in relation to retail holders - they have all been burnt including us. That's why if you look at the orders on market it is favouring sellers. The only way we get out of this is probably portfolio managers, family offices and fund managers coming in which i dont think they will until we hit around 0.006-0.009c (for value) this stock and management isn't great (want to complain otherwise? look at the SP and activity in 2023), sure we make money but when you have management that (a) doesnt have a proven/positive record = see red fork (b) dont stick to their word (see buy back) (c) jerked around last year with no real guidance - how confident would you be investing in it especially other peoples money?
I think the only way we get to this so called 5c valuation is that we drill multiple sites at once (not one site per year) generate cash and buy more (*but you need competent managers to do this) or drill/hit a field that has 10 times more oil than anticipated. I think a takeover would only get us to like 3c to be honest, if we are lucky).
Just hang in there @Chillicop we just had management purchase there first lot of shares in a while (i think, i have snoozed off BRK)!! Which is like a miracle even though it was only like $20k each. Anyway stay patient i could be wrong, management might know what they're doing and reverse the sentiment - lol.
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $39.29K | 3.932M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 31502608 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 2080067 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
36 | 29446720 | 0.009 |
16 | 3687698 | 0.008 |
4 | 2510000 | 0.007 |
4 | 6995000 | 0.006 |
4 | 2508000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 2080067 | 9 |
0.011 | 44142582 | 33 |
0.012 | 13569609 | 19 |
0.013 | 20316703 | 18 |
0.014 | 11877951 | 15 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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