CUE 7.14% 10.5¢ cue energy resources limited

IMO, We are at 17c for 4 reasons,1.Sound,Risk Management by...

  1. 904 Posts.
    IMO, We are at 17c for 4 reasons,

    1.Sound,Risk Management by Management.After 2 back to back dusters,we are not at 10c,as would be the case with most other small cap O&G explorers after these results.

    2.M.H,Bank Acc Hit june qtr,and extras sept qtr.

    3.Short term Specs,pulling & putting money to work somewere else.

    4.General Market,global growth slow down.

    I dont see S.P manipulation as a factor,cue is a very illiquid stock,its either hard to get in, or out on big announcements.

    As for cash raising? for what? it may take 2 or 3 qtrs for the B.Bal to recover.

    Bad luck,but well done management,I say.

    KIMBO
 
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