"If NZO pay more than 10c a share for the rest then they have got rocks in their head and if the others won't fold they will sit it out and just take control of the board until the other parties lose patience."
What rubbish. At 10c a share puts CUE with a EV of around 30 million.
30 million - and that puts it on a price earnings ratio of about 0.67 !
( you may argue that was with Oil per barrel at a much higher price than today)
So even conservatively its pay back would be well under 2 years with years of free carried revenue and exploration portfolio.
How do you come up with a arbitrary figure of 10c ? What calculations?
"If NZO pay more than 10c a share for the rest then they have...
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $73.36M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $262 | 2.618K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 746914 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 239960 | 3 |
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| Last trade - 10.02am 15/11/2024 (20 minute delay) ? |
| CUE (ASX) Chart |