What we do know is not long ago after the Cap return ..we had buying interest like there was a deal coming...it didn't make sense when we got the 1.2c return to see the SP hold levels pre cap return and buyers happy to step-up ?
maybe all this selling pressure is because that deal fell over on the back of Lower O&G prices and now the Dividend is going be off the table and cash balance is going be stretched to pay for the next development program to keep CE1 afloat...
And where is the update for "Pisces 12" ??? CE1 should have production peaking ..just maybe it's having issues ?
Abandonment program costs ongoing 4Q23 much lower O&G prices .. and no Proceeds from property dispositions this time .. and then having the forward forecast of major CAPEX 1Q24 on longer O&G pricing ..nil dividend ... mgmt sucking out huge payments to fill pockets ...
I though 6c would be the low point could well trend much lower..
What we do know is not long ago after the Cap return ..we had...
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Last
0.7¢ |
Change
0.001(16.7%) |
Mkt cap ! $4.432M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $319.4K | 44.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 19596499 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 192226 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
0.8¢ |
Change
0.001 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 0.7¢ | 0.8¢ | 0.7¢ | 22033712 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| CE1 (ASX) Chart |