"But I ask you this - explain why when they find oil and gas the sp get rorted down."
See my post above.
It's all about proven commerciality , market conditions, then the company conditions. That means access to capital (debt vs equity), cost of capital, cost to bring product to market and PRICE (supply and demand dynamics).
The market is assigning a value as a collective taking into consideration all of these factors. That doesn't mean the market isn't mispricing the securtiy by overstating or understating certain factors.
The SP is not being rorted. It's a volatile stock for all of the reasons above. The volatility also attract short term traders.
"But I ask you this - explain why when they find oil and gas the...
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Last
$1.84 |
Change
0.030(1.66%) |
Mkt cap ! $1.474B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.85 | $1.80 | $3.953M | 2.153M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 37881 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.84 | 3631 | 1 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |