Turtle has had to drill 200m . 15/20m a day has been the pace so Friday is about right .
The share price and option question is forcing the impatient to sell on low volumes . The current market cap is just over 50m dollars .
A 7.5c SP at current dilution sees a market cap around 60m dollars . A 9.5c SP with options dilution will show a market cap of 105m dollars . The market cap is stranded between the 50/60m dollar mark and cannot break out until flows determine if this is truly a 100m dollar company . Logging results could help and push the SP towards 7.4c again but no doubt it will be capped there and be under the same pressure a week later .
Question.... what flow is necessary to justify a 100m dollar plus MC and option conversion .
Whatever it is I hope it makes it and soon . In the event of the options not making it we would have to say that the SP will remain static circa 6/7c for 8/10 weeks . What flows would justify that ? Under 350/400 ??????
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Mkt cap ! $31.86M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 271425 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 290383 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 271425 | 0.025 |
1 | 125000 | 0.022 |
3 | 264889 | 0.016 |
1 | 10000 | 0.010 |
1 | 250000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 290383 | 1 |
0.036 | 27284 | 1 |
0.037 | 399000 | 1 |
0.045 | 22675 | 1 |
0.050 | 170000 | 1 |
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