According to my calculations... BUR is now trading at a PS ratio of 1.1 !?!?!?!??!
If we get our Marlin 2, and it has the same result. thats a PS ratio of 0.5
Sorry, but anyone who is willing to consider letting their stock go below 40 - 80c must have rocks in their head, mixed in with Sh!t for brains.
The value of the gas share to BUR now out of these wells including Marlin 2 if it goes ahead is many times more than the market cap.
Thats like having a well with $80mil of gold bars flowing out on their own, and selling it for $10mil - Why are people so bloody stupid?
I guess on the other hand it has given us a opertunity to buy more at these rediculas prices.
I know I should buy more, but I have to stop myself at some point.. like having a big bowl of smarties and not able to stop grabing hand full's coz they are so good.
I wont bother wishing any of us luck from this point, its a done deal.
ps of 1
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Last
12.5¢ |
Change
0.025(25.0%) |
Mkt cap ! $18.79M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.5¢ | $19.19K | 153.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24999 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 14.09pm 29/07/2024 (20 minute delay) ? |
| BUR (ASX) Chart |