It's interesting to note that Arc has only recovered about in line with it's peers, up ~3% in the last 10 days. I doubt that they are drilling such high impact wells which means there is really not much fat in the share price. It should lead to a blow out in the price if they discover anything worthwhile but also might prevent a significant slide on a negative result.
Given that the first well is evaluating a previous strike you would think the odds are in our favour.
I had to sell a few this morning to cover taking a real loss on my shorts (ouch!), I can't believe the crisis is over, the fed lending to big boys at 4% to prevent them taking a loss on untradable securities is not going to fool anyone for long. The only move they have left is to lower the actual fed rate then down goes the $USD and imports from the rest of the world with it. Cars sales are already well down and mortgage defaults have increased 93%, hardly the stuff share market booms are made of IMO, then again looking at today, I could be wrong!
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- looking strong
It's interesting to note that Arc has only recovered about in...
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $46.96M |
Open | High | Low | Value | Volume |
15.5¢ | 15.5¢ | 15.0¢ | $54.27K | 358.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 6751465 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 1929732 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 6751465 | 0.150 |
5 | 1837948 | 0.145 |
5 | 168180 | 0.140 |
3 | 24821 | 0.135 |
2 | 15398 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 1929732 | 23 |
0.160 | 748267 | 15 |
0.165 | 239845 | 5 |
0.170 | 489284 | 4 |
0.175 | 52258 | 3 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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