Slow down.
Sintana is involved in multiple Orange Basin projects as an INDIRECT shareholder in various JV partners in various PEL's (with another PEL added to their portfolio today)
They have not had to CR to fund wildcat drilling because they are free carried whereas IVZ has had to CR +$100M to get to where they are.
There are huge differences between the 2 including the SOI which is significant.
If Sintana had the same SOI as IVZ the SP would not have lifted anywhere near what it has.
Lastly Sintana relies on CUSTOS or one of their other partners to profit from their ownership unless they want to wait a LONG time for production to start.
IVZ can monetize their basin quite quickly once the PPSA and funding is sorted.
Sintana is a good news story but you are NOT comparing apples with apples.
More like apples with broccoli
Slow down.Sintana is involved in multiple Orange Basin projects...
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Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $99.25M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 7.0¢ | 6.7¢ | $103.6K | 1.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 133333 | 6.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.0¢ | 755999 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
0.000 ( 1.43 %) |
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| Open | High | Low | Volume | ||
| 6.8¢ | 6.9¢ | 6.7¢ | 903504 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| IVZ (ASX) Chart |