I know one of their analysts through a share trading group, I had him interested since the original discovery. The valuation is more based on market cap and not valuation per barrel of oil. It's materially above the current share price.
I think once we know flow rates, recoveries and new reserve figures we will get our material readjustment.
Best of luck holders
May Chart, page-8036
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Last
3.3¢ |
Change
-0.001(2.94%) |
Mkt cap ! $111.2M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.5¢ | 3.3¢ | $26.13K | 769.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 681405 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 871522 | 4 |
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| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| MAY (ASX) Chart |