If you have cash but there is no oil, then the sp will be worth the cash asset (but it may trade above or below it). Chance of a commercial successful oil find may only be 20-30% as an example so many will sell down their holdings just before drill results if the price has risen significantly. Many will have a holding of sorts going into drill results for the big reveal.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $85.43M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $59 | 5.524K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 19365037 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 5573005 | 7 |
View Market Depth
| Last trade - 10.31am 26/06/2025 (20 minute delay) ? |
| PCL (ASX) Chart |