1S1, your argument has merit, and while I can't possibly make a call either way, I'll play devils advocate. Oil accounts for 45% of total Angolan GDP, and provides them with 90%, that's right, 90%, of their export income. With the price of oil being what it is at the moment , govt. revenue is being smashed. Now, as an eg, think Australian sell offs in times of revenue hardship - Telstra, medicare, the Oz ports, the rail infrastructure - the list goes on and on. The mindset might be different, with the sales pitch of " efficiencies" being used, but the result is an influx of bucks to balance the books. Lom is by no means in the heady space value wise of any of these companies, but if it gets proved up, perhaps the opportunity for a couple of quick billion for the Angolan treasury might start to look sexy for them. Just a thought. GLTA.
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Last
5.4¢ |
Change
-0.001(1.82%) |
Mkt cap ! $15.66M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.2¢ | $31.17K | 577.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 182640 | 5.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 104999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 182640 | 0.052 |
1 | 50000 | 0.051 |
2 | 20500 | 0.050 |
1 | 70000 | 0.049 |
1 | 40000 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 104999 | 1 |
0.055 | 50001 | 1 |
0.062 | 120000 | 1 |
0.065 | 80000 | 2 |
0.069 | 116000 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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