Agreed it is damn frustrating the share price is so low. However I'm confident the insto's will have to start accumulating simply because is a lazy 20%+ to be made over the next few months.
Look what they get in quick succession between now and June;
Sugarloaf testing
New Taiton
3 Wells in Yemen
Increased gas
Canning drilling of some large targets
Oil production stabilised, reserve decline arrested
1 or 2 Perth basin exploration oil wells
If none of this comes in and they don't need the spare cash for fast tracking development you can expect a dividend to prop the share price up.
... open briefing ..., page-13
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16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $53.86M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $153.0K | 985.7K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 157818 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 496370 | 10 |
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| 5GN (ASX) Chart |