Don't forget when working out how much cash they will have to drill new wells you need to allow for overheads.
Last year they spent approx $8M on Admin, Finance, consultancy and Misc.
You could argue some of this is one off costs but I always assume one off costs generally occur again and again.
I was going to buy back into the stock until I saw the Dec Actuals but will hold off for now as I think the overheads are currently too high.
report numbers , page-8
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.005M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $21.46K | 7.155M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 20533665 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10674288 | 5 |
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| Last trade - 13.35pm 15/11/2024 (20 minute delay) ? |
| AOK (ASX) Chart |