PCL is definitely going back in the bottom drawer for me, it's always been a binary play and at this juncture it was a 0 instead of a 1. Hopefully in the future we can line up a few wins.
A few possible scenarios I can envisage.
1. Licence just runs out and a supermajor swoops in
2. A smaller player (WDS) size comes in an offers us an average deal but we have to take it
3. A supermajor gives us an even worse initial deal but carries us through a multi-well drilling campaign and we retain something like 5-10% through production.
PCL is definitely going back in the bottom drawer for me, it's...
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Last
1.1¢ |
Change
-0.001(8.70%) |
Mkt cap ! $85.43M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $57.00K | 5.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 15107773 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 3057189 | 5 |
View Market Depth
| Last trade - 15.32pm 24/06/2025 (20 minute delay) ? |
| PCL (ASX) Chart |