The Muness well spudded on 30 November and is due to reach target depth on around the 22nd day. That is what I have been told by the CEO. So early to mid next week.
Buyers and sellers have been very careful in relation to not moving the price too much. I have noticed sellers stacking the sell side only as much as is possible without pushing down the price, while there has also been consistent buying (including by EXR directors) which has been carefully orchestrated not to push the price too much higher. All trading done in a fairly narrow range. This stock is still not on the radar for most investors.
I think the price still looks tremendous value in a risk/reward sense with even failure of the muness well not expected to lead to a big sell down due to upcoming Jaguar. If it is successful, there is prospect of a significant rerating to above $1.00 IMHO.
regards
DF
- Forums
- ASX - By Stock
- EXR
- muness - date to reach target depth
muness - date to reach target depth
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EXR (ASX) to my watchlist
|
|||||
Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $119.6M |
Open | High | Low | Value | Volume |
10.0¢ | 10.3¢ | 10.0¢ | $74.93K | 748.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 805875 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 891454 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 805875 | 0.100 |
4 | 420800 | 0.099 |
2 | 49658 | 0.097 |
3 | 131260 | 0.096 |
6 | 162265 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 891454 | 4 |
0.110 | 151020 | 2 |
0.115 | 195678 | 3 |
0.120 | 268772 | 6 |
0.125 | 51333 | 2 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
EXR (ASX) Chart |