The market appears to be valuing ARQ's Canning Basin leases/prspects/Blina production etc. at zero.
There appears to be an assumption that the Canning Basin is a black hole that will devour ARQ's cash.
This is an absolute nonsense.
For starters, ARQ will substantially increase production at Blina and get a handy cash flow.
The Canning Basin is elephant territory, with massive prospects.
All one has to do is a little research via google.
energy stocks to power ahead, page-5
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $48.52M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $30.87K | 204.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 6223999 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 2005714 | 24 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |