I think one of the bigger problems for this stock isn't management's history but the size and market cap of the company.
We are too small for pretty much any institution to touch us, most sophisticated investors probably aren't gonna touch us either given size and a pretty bleak chart.
So that leaves retail by itself hence our lack of liquidity.
Combine this with the fact we are on the asx which is already a smaller market with little knowledge or appetite for oil stocks let alone small cap oil stocks and you have recipe for what has happened here.
Wrong industry in the wrong market unfortunately, it maybe had a chance pre options for organic growth but the painful yet necessary dilution seems to have killed it and trapped this stock in basement.
Only a monumental even will let us escape at this point imo unfortunately.
Will this land sale happen and save us? maybe but it is admittedly risky, I'm willing to continue waiting as I think/hope it is possible and the results should be a multiplication of sp but it's hard to blame people for moving on or not wanting to take the risk
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $103.3K | 10.33M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2033849 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 44889641 | 40 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2033849 | 0.010 |
37 | 27631055 | 0.009 |
16 | 3687698 | 0.008 |
5 | 3710000 | 0.007 |
4 | 6995000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 44889641 | 40 |
0.012 | 13851427 | 20 |
0.013 | 16111418 | 17 |
0.014 | 12877951 | 16 |
0.015 | 7042920 | 11 |
Last trade - 14.03pm 17/09/2024 (20 minute delay) ? |
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