Thanks Zac - I have been investing for years and have a good understanding of the market.
IMO - DYOR - this stock is undervalued - full stop. I am not going to lose sleep over the SP in the short term, just a little perplexed at the rating - I believe mid 6's to 7c should be a realistic value currently.
More over, the chances of a Take-Over (which is personally my play on this little stock) have just risen exponentially with the Tullow hit in Kenya...
IF we were to be taken over - I would suggest a price of 20 - 30c would be offered straight off the bat - this would give the market a good idea of what other major oil players rate this share...
Of course - all IMO / DYOR
Cheers
Onshore Kenya: Tullow discover more oil., page-5
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Last
48.5¢ |
Change
0.005(1.04%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 48.5¢ | $10.11K | 20.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 99195 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 2000 | 1 |
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| Last trade - 11.19am 09/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |