Thankyou for your response
what you stated is exactly what the shorts are feeding off. There is no certainty on production rates, on drilling program or expected revenue and on so many god damn things - it’s frigging annoying. No wonder the share price is where it is.
The CEO was on AFR being honest about testing and trying approaches - which is all great PR - but that’s been interpreted as - “too much uncertainty with the process”
if you recall rain hampered a lot of progress- as usual management was missing in updates - once the market knew about the flooded pits - they slammed CXO.
Their is no coincidence that CXO is the second most shorted company
guidance, updates, communication is probably what the market requires - and the bigger one - mr market is saying “show me the money $$$”
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Last
9.3¢ |
Change
-0.005(5.10%) |
Mkt cap ! $198.7M |
Open | High | Low | Value | Volume |
9.9¢ | 10.0¢ | 9.3¢ | $3.295M | 34.70M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 365887 | 9.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 883409 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 160000 | 0.093 |
8 | 228042 | 0.092 |
5 | 162000 | 0.091 |
15 | 566558 | 0.090 |
6 | 244301 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 814846 | 6 |
0.096 | 114900 | 3 |
0.097 | 280988 | 2 |
0.099 | 510000 | 3 |
0.100 | 414411 | 8 |
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