I've got a buy in at 85c, so I hope we take another small dive so I can buy more ;)
To the people questioning those of us who are buying:
Can't speak for the others, but this is a LONG term stock for me. If you're looking for quick bucks, then this is probably not the stock for you.
Even if they have to write off this well, its not the end of the company. They have their own rig - they just drill another hole, and do a better job of sealing it. Yes, it will cost money, but in the grand scheme of things its not a big deal. They still have a LOT of holes to drill anyway.
re latest announcement, page-67
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Last
0.6¢ |
Change
0.002(50.0%) |
Mkt cap ! $4.356M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $1.817K | 336.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 599402 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 4849364 | 8 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| RNE (ASX) Chart |