I agree, don't think this one will get much lower. The asset backing alone (cash) will keep it above 3c.
Exercising caution is always a good idea, for me though the SP now is a pretty cautious entry point, with solid upside potential in the medium term.
As a few have said, bottom drawer is the place for these. Dust them off but leave them there when the extension is granted (fingers crossed), get excited again when a new farm in is announced, then plaster them to the wall for all to see once the drilling starts!
Remember, Hardman were rejected by Shell and then came back.
Just trying to inject some positivity on a red Friday in October!
I agree, don't think this one will get much lower. The asset...
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 49.5¢ | $16.90K | 34.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17623 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 129688 | 3 |
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| Last trade - 15.43pm 17/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |