@Dufrane "I don't see $1 imminent any time soon".
I disagree. Based on my detailed valuation estimates, I believe Nomgon is worth at least $A 1.70 per share on takeover following declaration of commerciality and so in the next 6 months gas breakthrough and decent gas flow rates at Nomgon might be worth 70c+. I am convinced there is sufficient gas to build a pipeline to China and believe in the not too distant future a major Chinese company will purchase the gas.
Exceptional flow rates on Grandis in the next few weeks could lead to a take over, which I believe, should exceed $A 1.60 given the high demand for natural gas in eastern Australia at the moment. I'm hoping for 80c+ following confirmation of at least 2.5 mmscf/d.
Don't lose hope, it's not impossible!
EXR Trading 2024, page-813
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11.0¢ |
Change
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Mkt cap ! $124.7M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.5¢ | 10.5¢ | $109.0K | 991.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1161344 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 57357 | 3 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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