Putting my feeble attempt at humour aside, I agree with you BG, we are not playing Tiddly Winks here.
S.A. estimated in May that a Valentine strike could be worth up to $2.71 to Arc. So potentially the price could go anywhere from where it is now to $4 just for Valentine.
I think Arc might have rebuked S.P. for that estimate being too high. However given that there is little in the way of any sort of premium for their vast Canning Basin acreage in the current share price, you should get a double boost of the value any commercial petroleum found plus some value on a proven oil and gas province - the effect could be about the same.
Good luck to all holders, if your feeling squeamish go for something far safer, sell up, go to the TAB and put all the proceeds on the Mighty Eagles.
Putting my feeble attempt at humour aside, I agree with you BG,...
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $45.32M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.3¢ | 14.5¢ | $8.489K | 56.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 795255 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 112274 | 3 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |