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.
Agreed it is damn frustrating the share price is so low. However...
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $50.5M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.3¢ | 14.0¢ | $2.801M | 18.72M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 132216 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 692995 | 10 |
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| Last trade - 13.37pm 28/06/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |