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.
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15.0¢ |
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Open | High | Low | Value | Volume |
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---|---|---|
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Price($) | Vol. | No. |
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15.5¢ | 1967449 | 26 |
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No. | Vol. | Price($) |
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11 | 827504 | 0.145 |
3 | 403600 | 0.140 |
2 | 507407 | 0.135 |
2 | 506000 | 0.130 |
2 | 258007 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 1967449 | 26 |
0.160 | 541747 | 12 |
0.165 | 181484 | 6 |
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0.175 | 39258 | 2 |
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