Yes, but the SP has *not* been pumped up on the basis of oil rumours or anything else. The SP has more or less stagnated at a level not much over where it was prior to the Kingfisher discovery, and prior to the recent announcements of a likely resorce upgrade on the CSG. And on the booked CSG reserves alone, at around 10c/GJ 3P MEL remains the cheapest CSG company on the ASX. So the selling point is one of value: it's cheap even on what is definitely known at present, and any further developments (a CSG or Kingfisher resource upgrade, a JV announcement, a decision on a power station, and yes, the discovery of oil) will only add to the upside potential.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.287M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $1.317K | 263.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 13004389 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 513939 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 13004389 | 0.004 |
12 | 8476542 | 0.003 |
9 | 21630400 | 0.002 |
11 | 64233175 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 513939 | 2 |
0.006 | 8204964 | 7 |
0.007 | 1100002 | 2 |
0.008 | 1012000 | 2 |
0.009 | 1330000 | 3 |
Last trade - 15.10pm 18/11/2024 (20 minute delay) ? |
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