Strike deal was with Wes not Orica.
if I compare Tor to say Suart Nicholas. - Tor is much more honest and delivers significantly less hyperbole. As for the asset and development , I think we all agree it’s a massive asset most likely to be developed by someone much bigger , but it’s not impossible to see a north development using cash flows of central hub. I think about 80% or company success in resources, is having the right asset at the right time. Mahalo was owned up until 3 years ago , by 3 companies - two of whom are gorillas and it as an asset for them was very small . You really can’t blame comet for lack of progress as it’s impossible to move forward without the other 2.
I don’t see a lot of credit given to Tor for acquiring more of the asset at a great time . Not only did it add significant value but it has streamed line development and made Comet a lot more attractive as a target and /or as a future producer .
I have recently recently had a chat with someone very familiar with the data room process and if you guys understood who and what is involved.you would be a lot more positive
many times in the resource space and asset has an implied value based on a SP , until someone bids for the asset or takes a share at true value - it’s been happening with coal recently
the vic spot gas prices is approaching 20 without coal plant interruption - if this doesn’t tell you how much east coast is short gas I am not sure what will. I have no doubt there is many portfolio gas companies as well as industrial users that are running the ruler over comet as we speak and I am also sure they are keeping an eye on the absolute lack of spot supply
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Last
14.0¢ |
Change
-0.010(6.67%) |
Mkt cap ! $167.5M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.0¢ | $150.0K | 1.044M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 38513 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 619606 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 38513 | 0.135 |
5 | 138615 | 0.130 |
3 | 154000 | 0.125 |
3 | 480000 | 0.120 |
3 | 300001 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 619606 | 3 |
0.150 | 786040 | 9 |
0.155 | 200000 | 2 |
0.160 | 200383 | 5 |
0.165 | 30000 | 1 |
Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
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