Not just any indicator but a Keith Nielsen indicatorWord is placement for 5 mill extremely oversubsrcibed.
Origin energy wanted to take the whole 5 million $ worth.
Company has now decided that with demand so strong they will increase placement from 5 mill to 15 mill$
Im guessing drilling is going ahead well, and for origin to take up the 5 mill is a very strong sign.
Will be plenty in the kitty now to get pilot plant up and running...should see $3 + by then especially with current oil price
buy on weakness imo
origin taking more
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Last
0.6¢ |
Change
0.002(50.0%) |
Mkt cap ! $4.356M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $1.817K | 336.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 599402 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 4849364 | 8 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RNE (ASX) Chart |