the stock was priced solidly before the Jewel produced on the probability that it was a success, as they all are low risk developments.
The market should start to really understand, after rangers, that theres 18 more to come, and they were no flukes.
Its conversion of exploitation , not exploration. Regions with old vertical wells, that benefit from new techniques.
Who is selling ? Anyone taking profit. Needing a pay day. Sometimes its that simple.
But where is the company going, you have to look a year ahead, two, three, with multiple cash wells and new acres acquired.
Its not going back to a micro cap, its possibly getting reaped at the moment from those who backed it at a micro cap, to pay for whatever, and probably keeping a lot of free carried stock.
The market likes a proven winner, and a proven formulae for success.
Where is it going to be next year ? Dont sweat the volatility.
70m =>25m ? or 70m=>200m ?
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $95.16K | 9.508M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 23559111 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 9782869 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 23559111 | 0.009 |
19 | 4413966 | 0.008 |
6 | 3507000 | 0.007 |
4 | 1585000 | 0.006 |
3 | 2308000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 9782869 | 3 |
0.011 | 36316610 | 23 |
0.012 | 17291476 | 28 |
0.013 | 20872569 | 19 |
0.014 | 11231257 | 15 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
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