Whilst the volume is thin I can understand the share price on pink sheets post consolidation.
With US$130m in the bank, a contingent receipt of US$55m (which now looks more likely to be received albeit over the next few years) and a shot at 50% of a billion barrels in November / December, I think a valuation of A$2.50 is not unreasonable. Particularly with oil at US$75 per barrel.
I agree that the market may discount the valuation due to a lack of confidence in the CEO but good to see the recent Board changes. At least that will have everyone on their toes.
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
48.5¢ | 49.5¢ | 48.5¢ | $100.7K | 203.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 89898 | 49.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 2239 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 89898 | 0.495 |
2 | 29755 | 0.485 |
4 | 89930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 2239 | 1 |
0.505 | 10000 | 1 |
0.510 | 129688 | 3 |
0.520 | 79910 | 2 |
0.525 | 30000 | 1 |
Last trade - 15.47pm 29/07/2024 (20 minute delay) ? |
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FAR (ASX) Chart |