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)
|
|||||
|
Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $580.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.0¢ | $1.683M | 7.660M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 259810 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 54224 | 2 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
|
|||||
|
Last
22.0¢ |
Change
-0.005 ( 2.53 %) |
||||
| Open | High | Low | Volume | ||
| 23.0¢ | 23.0¢ | 21.3¢ | 3233075 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| COE (ASX) Chart |