IMO I don't think a consolidation will help. The market cap would remain the same. For instos and larger investors to be interested the market cap needs to be north of $200m otherwise it is too small.
Unfortunately I think for the share price to re rate we are going to need an event such as a sale to realise the value of the assets.
In the meantime I am happy for the company to continue to drill wells and build their production base although the speed at which they can drill wells is constrained by the capital they have available.
IMO I don't think a consolidation will help. The market cap...
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $62.67K | 4.899M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 16812807 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 22002260 | 13 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BRK (ASX) Chart |