Two technical discoveries, 200sqkm, loads of other targets, whole basin etc. etc. But...MC stuck at $100m for whatever reason (insert theory here).
Clearly a farm in right now is not in the best interest of investors or management. Traders on the other hand just want the SP up right now so they can exit.
Post a positive flow test, 3D, PPSA etc. will give a much improved estimate of resources/reserves. Then I would suggest a working interest price is much easier to value.
A non-commercial flow test obviously puts us in a much weaker position, even with a dozen other good targets.
Two technical discoveries, 200sqkm, loads of other targets,...
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Last
6.0¢ |
Change
-0.003(4.76%) |
Mkt cap ! $85.07M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.3¢ | 5.9¢ | $204.0K | 3.364M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 390819 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 498697 | 4 |
View Market Depth
| Last trade - 15.34pm 05/06/2024 (20 minute delay) ? |
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Last
6.0¢ |
Change
-0.003 ( 3.23 %) |
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| Open | High | Low | Volume | ||
| 6.2¢ | 6.2¢ | 5.9¢ | 2404310 | ||
| Last updated 15.41pm 05/06/2024 ? | |||||
| IVZ (ASX) Chart |