Duhat was a waste of time, although it did not cost them a lot of expenditure.
If it was that prospective, the majors would have drilled it ages ago. Walking away was the right move.
Keep the cash coming in from Galoc and kill the debt and build up the kitty as quickly as possibly. The more cash you have on board before Hawkeye is drilled, the more equity current shareholders can retain without too much dilution for development costs.
OEL has really tested everyone's patience, but the thing I like about it at present is that they have not issued any new shares for years now. Stable share numbers is key.
Other companies have had the printing press running around the clock handing out shares to pay the directors salaries. Those companies have consistently underperformed over time.
- Forums
- ASX - By Stock
- imo this is the real deal
Duhat was a waste of time, although it did not cost them a lot...
Featured News
Add OEL (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.33M |
Open | High | Low | Value | Volume |
1.3¢ | 1.3¢ | 1.2¢ | $9.888K | 765.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 13316787 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 6814725 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 12466787 | 0.012 |
6 | 3772726 | 0.011 |
6 | 4226452 | 0.010 |
2 | 182104 | 0.009 |
2 | 250247 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 6814725 | 13 |
0.014 | 5555255 | 10 |
0.015 | 5028050 | 8 |
0.017 | 378250 | 3 |
0.018 | 155500 | 1 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
OEL (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online