Surely the idea of a reasonable target should be based on the actual resource estimates rather than the announcement?
Whilst I share your enthusiasm, your comments and other posts remind me of the original phoenix discovery in 2014. The latest announcement shows that this is still a highly speculative stock, not many people picked this well for a duster after the last phoenix. I think this reminder that this is still prospective and their model of the field is not perfect.
Opinions on week ahead?, page-22
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $304.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 15.5¢ | $627.4K | 3.817M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 306000 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 374569 | 7 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |