Just read the Carmichael research paper on the forthcoming well. They have NWE and ADI as the best entries. Assuming they make a discovery, NWE, according to their figures, could become a 7 bagger i.e .145 cents to $1; BUY could be a 6 bagger ( .099 to .59); ADI would be a 5 bagger .29 up to $1.54.
All pretty impressive figures but they discount BUY somewhat, presumably because its a bit short of cash.
Personally, I prefer ADI because there are fewer shares and it has some exciting overseas leases to fall back on if Magnolia is a flop.Other opinions please.
Just read the Carmichael research paper on the forthcoming well....
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Last
$2.90 |
Change
0.010(0.35%) |
Mkt cap ! $920.0M | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.93 | $2.88 | $892.5K | 307.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19079 | $2.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 10829 | 2 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
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