Investors are getting in now to turn a little money into a lot of money. We are taking the chance of if/when they find billions of barrels of oil with good flow rates. It's a gamble. People who wait till they find oil will only have the chance to turn a little money into a little bit more. People know its a spec stock that's why it's called a spec stock. I sold some other oil stocks at $33 that may have gone up 1 or 2 bags one day, may also go down too. This has the chance to 100 to 200 bag if the spec works out. No brainer for me and the reward far out ways the risk.
Broker Analysis, page-34
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $20K | 10.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 182 | 174177231 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 599471151 | 243 |
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| Last trade - 10.00am 18/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |