When this current drill turns out to be a failure, that'll be two from two, and the SP surely will retreat. I'm tipping 22.5 to 23.0.
Subtract the cost of this drill from COE's cash position and you hardly get a blip in the accounts. What $22 - $25mil in the bank ATM?? A failed drill will take more off the market cap than the actual cost. A weeks production takes care of that cost.
A one off event possibly creating a reasonable buying opp.
great buying opportunity soon
Add COE (ASX) to my watchlist
 (20min delay)
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $541.2M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.0¢ | 19.8¢ | $1.196M | 5.933M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 127303 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 312143 | 4 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
20.5¢ |
Change
0.005 ( 0.20 %) |
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| Open | High | Low | Volume | ||
| 20.0¢ | 21.0¢ | 19.5¢ | 7301734 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| COE (ASX) Chart |