Who knows Icu but I reckon they are keeping it all tight to the chest here for a reason. Supposed good drill results, more rigs brought on site and to the same location not other places, selling off prime assets to raise cash (more than $50mm in the tin once sold).
Now if they do have the goods we should see a nice share price move but how quickly and to where? $2? $3? $4? all these would be a market cap of sub $500mm, pretty good for current shareholders but maybe thats low for what they have (look at SFR)?
They don't need to raise cash and its a closely held company (held largely by rich dudes who made a fortune on selling Jubilee in 2007). No-one at the company wants to be prey to anyone for less than what they sold Jubilee for I imagine ($2bn+) - one of my favourite sayings - "a register tighter than a buzzards arse in a nosedive"
This is all conjecture on my part but I think they are onto something big here, are dropping everything to work on it and don't want to disclose anything until they have to and/or its as big as they can report it so as to lessen the risk of a hostile move on the register ala OZL and SFR.
Just my guess and hopes but I reckon its pretty likely
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Last
26.0¢ |
Change
0.010(4.00%) |
Mkt cap ! $48.96M |
Open | High | Low | Value | Volume |
25.5¢ | 26.0¢ | 25.0¢ | $24.51K | 94.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15518 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.0¢ | 13395 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15518 | 0.250 |
1 | 6250 | 0.240 |
3 | 16833 | 0.230 |
1 | 20000 | 0.215 |
4 | 154000 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.260 | 13395 | 2 |
0.265 | 175256 | 4 |
0.270 | 35304 | 2 |
0.275 | 1900 | 1 |
0.280 | 55000 | 2 |
Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
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