Interesting trading day. Market didn't seem to like the results.
I didn't think the results were too bad with the gas shows, but maybe the length of the first well is worrying people in terms of cost and Tamboran's cash burn rate. Tamboran's next quarterly report should detail what the drilling is costing. Hoping it looks ok and they won't have to Capital Raise before next years 100% EP136 drilling of Maverick 1H
Interesting that at one point the price dropped to 25 cents. The buyer side is very thin, and looked like someone wanted out and dumped into very little buyer volume.
Hopefully tomorrow will see more buyers and and uptick in the SP
DYOR
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $391.4M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 21.0¢ | 18.0¢ | $867.4K | 4.467M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36547 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
19.0¢ |
Change
0.000 ( 1.60 %) |
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| Open | High | Low | Volume | ||
| 19.0¢ | 21.0¢ | 18.0¢ | 2683817 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| TBN (ASX) Chart |