Ron,
Yes SWE got a really good deal on the farmout!
Based on SWE's deal with TATA , Strachan valued Otto’s 50% interest as having
a look-through value of around 3.3 cents per OEL share , (Strachan's figure A$39 million ).
As per my past posts I believe at 3.6 cps OTTO's share price is way too cheap.
below budget and expectations - plug and abandon, page-29
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $5.14K | 396.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 11021622 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 17888761 | 14 |
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| OEL (ASX) Chart |