A bloodbath in the markets - I remember the October 1987 crash only too well and this feels horribly similar although for different reasons.
COI’s Market Cap of $63m is madness and we are left with a spinning coin with ‘problems' on one side and ‘opportunity' on the other – not knowing on which side the coin will land.
On one hand the company is in exactly the same ‘shape’ today as it was a few weeks back – with the same opportunities as we move towards production at Mahalo/Mahalo North and quantify the gas viability/value of the Galilee Sandstone Deeps – on the other – with such a low Market Cap this will throw up all sorts of problems with regard to future funding and getting a sensible objective true valuation figure should we wish to sell out early.
This must be keeping our management awake at night.
Tough times for sure.
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $180.0M |
Open | High | Low | Value | Volume |
17.0¢ | 17.0¢ | 16.0¢ | $113.3K | 700.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 177323 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 148780 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 166836 | 0.160 |
3 | 176947 | 0.155 |
4 | 193951 | 0.150 |
1 | 100000 | 0.145 |
1 | 185000 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 98780 | 4 |
0.170 | 482422 | 7 |
0.175 | 355000 | 4 |
0.180 | 527122 | 4 |
0.185 | 250000 | 5 |
Last trade - 15.14pm 30/08/2024 (20 minute delay) ? |
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