Maxwell's only recent "strategy" was to telegraph market that COE wanted to cap raise & buy APA's dud gas plant with the pipe dream of calling its "growth".
Perhaps he thought market would be supportive. It clearly was not. You may be though?
SP down from 60c to what it is today whilst almost every other oil/gas company has outperformed is self explanatory & signals a strategy fail.
No need to down ramp COE. They do a pretty good job themselves..
Not a surprise they were hugely shorted.
Gas Price, page-18
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Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $594.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 22.5¢ | 22.0¢ | $593.7K | 2.672M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 290435 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 205975 | 5 |
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| COE (ASX) Chart |