$200M is $50M too much with the risk involved and cash needed to fix existing problems. Potentially this could be a good deal in the long run if we get it for the right price. If the deal is good, we should re-rate above 30c. If it's bad and around 200M then we will be stuck in this never-ending trading pattern around 20c. With current gas prices around 40% below what they were a couple of months ago, this should also factor into any sale. I hope COE management are playing hard ball and do not accept anything overpriced.
Cooper Energy sounding out brokers for a raise to potentially buy back Orbost, page-32
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Last
16.5¢ |
Change
-0.010(5.71%) |
Mkt cap ! $435.6M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.5¢ | $319.0K | 1.893M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1096863 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 205301 | 4 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| COE (ASX) Chart |