Interesting question.
When trying to speculate a possible price I always look at like for like companies. I realise they are not identical , but I can only take it as a positive sign the MC of FDM. It is currently producing 1250 BOED and has a Market Cap of 317 million.
We will be producing in 6 weeks double that.
Also believe they are producing the same quality oil.
So once we are actually producing re-rate is a certainty.
Postively a BYE, page-6
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Last
6.0¢ |
Change
-0.001(1.64%) |
Mkt cap ! $64.72M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.4¢ | 5.7¢ | $36.83K | 614.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 600000 | 5.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 6.0¢ | 103244 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
-0.001 ( 3.28 %) |
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| Open | High | Low | Volume | ||
| 6.5¢ | 6.5¢ | 5.7¢ | 124196 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| BYE (ASX) Chart |