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0.8¢ ipb petroleum limited

IPB Chart thread, page-279

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6,154 Posts.

1661

04/09/23

08:08

Post #: 69712875
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Originally posted by ASXcowboy: ↑

Yeah NFI how you can say everyone waiting to hose out at 1.5c without knowing what the news event looks like. If you're looking at the asking price to farm in to WA-242-P, it's worth $25mill ($15mill drill cost + $10mill backcosts). 1.5c is $7.5mill cap. That's not associating any EV associated to what might be discovered by the drill.

Then if we do get the NA vend they keep whispering about, you can compare it to a peer cap of someone like 88E that consistently runs $100mill to $300mill when in news flow.

Doubt the elites that have money in here are chasing 50% gains. Whats the fun in that.

Expand

The stage is certainly set now. All major energy ETFs from ASX to NA, the break out is never.

WTI break shows mid 90s is on the cards all at the same time, the pacific Peso is crashing to 64c.

WA-242-P JV & possible Acq could be a case of 'perfect timing' in the case of IPB. We wait to find out.

IPB Price at posting: 0.9¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 0.8¢		Change 0.002(33.3%)		Mkt cap ! $4.944M

Open	High	Low	Value	Volume
0.7¢	0.8¢	0.7¢	$5.13K	718.6K

Buyers (Bids)

No.	Vol.	Price($)
3	1983833	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	921544	2

View Market Depth

No.	Vol.	Price($)
3	1983833	0.007
8	12431647	0.006
12	17392984	0.005
6	10290249	0.004
2	833333	0.003

Price($)	Vol.	No.
0.008	1021544	2
0.009	500000	1
0.010	787038	1
0.011	57140	1
0.012	1395323	2

Last trade - 10.50am 01/08/2024 (20 minute delay)

IPB (ASX) Chart