So....let me get this straight.
* We're currently trading at 5.6c - 5.7c.
* We have $13.4 million dollars cash in the bank which equates to 5.2c per share.
* We have a drilling Company poised, ready to give us $26 million worth of drilling, but only if Damon gets another $26 million via a deal.
If Damon does bed down a deal, we will instantly have a minimum market cap of:
$13.4 + $26 + $26 = $65.4 mill or.....25c per share.
(also assumes zero value on assets)
You then have to ask yourself:
"What is the risk versus reward here?"
"What is the likelihood that Damon will bed down a deal?"
"Does he have a history of getting them?"
In my opinion, as we are cash backed the risk to the downside is virtually zero and given Damon's known capabilities and the potential of a virtually INSTANT "5 bagger", I simply cannot believe that that sell list is not being absolutely chomped, like Jaws.
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.66M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $2.898K | 413.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 22983042 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 2902465 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
25 | 22983042 | 0.006 |
36 | 10598262 | 0.005 |
10 | 5408333 | 0.004 |
4 | 4149999 | 0.003 |
4 | 4950000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 2902465 | 6 |
0.008 | 8525318 | 9 |
0.009 | 27055347 | 9 |
0.010 | 914500 | 7 |
0.011 | 1693000 | 3 |
Last trade - 11.27am 10/09/2024 (20 minute delay) ? |
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HHR (ASX) Chart |