1) Because for over two years the Orbost gas plant has failed to meet nameplate production.
2) The COE CEO does not listen to shareholders and rather than using any excess cash to pay a dividend the market fears he wants pursue "growth" and actually BUY (possibly via a cap raise) the plant which has been an unmitigated disaster for over two years.
Do your own research - by thats my view why SP not heading north and is down from a high of 60c, during a time of high gas prices.
1) Because for over two years the Orbost gas plant has failed to...
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Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $514.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 19.5¢ | 19.0¢ | $426.1K | 2.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 472701 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 12628 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| COE (ASX) Chart |