No argument there phenominal. Abita being hooked up ( December ), L & B 3 getting hooked up ( few days ), a successful strike at Lyons point and hook up ( few days for TD ), a successful Klondike drill and hook up ) ( Nov/ December) Will generate earnings which is what will drive this company's share price. Cannot see what the worlds markets, SSN or even nearology has to do with this company's share price outlook.
In summary with a bit of luck, and through a very short window of time, will go from generating nil cashflow ( right now, forget recent cah earnings) to over $4m in annual cash flow on 2 proven wells alone. The rest is a bonus.
I don't know about you but with no debt, a market cap of $13.9m, generating $4m in annual cashflow, and probably $8m left in the bank, becomes a head tuner for mine.
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Mkt cap ! $8.576M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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15 | 12107144 | 0.3¢ |
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Price($) | Vol. | No. |
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0.4¢ | 3269793 | 4 |
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No. | Vol. | Price($) |
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15 | 12107144 | 0.003 |
10 | 6700009 | 0.002 |
9 | 10700009 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 3269793 | 4 |
0.005 | 4566727 | 14 |
0.006 | 60000 | 1 |
0.007 | 161000 | 1 |
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