"...BUR will be funding its share (the exact equity level is yet to be determined) using existing cash and revenue from its four producing Chalk wells..."
What the market fails to realise is that this junior is actually profitable! It can fund further expansion without having to dilute shareholder equity.
How many other companies with a mcap of $11m can say the same?
DYOR
disclosure: hold 600,000. Last purchase at 9.1 cents.
new project burleson energy limited, page-2
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.54M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 180922 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 100000 | 1 |
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| Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
| BUR (ASX) Chart |
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