I sure am a true believer ijh, with the 1st of 3 wells in Yemen about to spud, testing of Sugarloaf and Behara deep and then Drakea all happening in the next few weeks, this is an outright bargain at these prices! Have a look at a 12 month chart and see how quickly it runs up, it hasn't had a decent rally for weeks but it's due.
Then as SP, sushi and others have so well pointed out, there is Canning. I think there are plenty sitting on the sidelines waiting for the current downtrend that started with the end of the Gulf conflict to abate, that will jump in to buy. It could make the correction back to fair value even sharper when it occurs and may well take it over the $1.85 current fair valuation I have seen.
Brokers that have it as a buy include:
- WILSON HTM SECURITIES
- ABN AMRO
- HARTLEYS LIMITED
- PATERSONS SECURITIES LIMITED
- ASPECT HUNTLEY
I sure am a true believer ijh, with the 1st of 3 wells in Yemen...
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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 |