Salty,
I am waiting on the half yearly from OEL due out in 14 days. IMO the intangible amount associated with the GPC investment will be written down substantilly.
Time will tell if the $$ loaned into GPC are at risk also but I would think not IF Galoc can achieve an acceptable uptime from now on. OEL clearly overpaid when buying their stake in GPC and loaded the company (GPC that is) with far too much debt.
I'd have to agree that the modified SAL system that has been used here for the FPSO is a "penny wise pound foolish" system, even GPC (and Rubicon) must surely recognise this now... but we are where we are... I wonder what the financial state of Rubicon is like?? anyone know?
p1000
galoc calm weather predicted for week, page-14
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Last
1.2¢ |
Change
0.001(4.35%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.0¢ | $186.2K | 16.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2315954 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 6349129 | 7 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |