The Good Oil
I totally agree..when others run it is time to buy. The Herd has bolted... time to chew the good grass left behind...IF you consider the fundamentals are ok!
In this instance we have top management with tremendous past experience who have picked up a lot of acreage in prospective areas in NSW and first hole was not commercial but has delivered a lot of data to tie in with siesmic and other known drill results including water bores bearing Gas and coal. There are more holes to go and any delays are IMO smart decisions to allow more interpretation of data to revise future drill hole position.
Meanwhile as other threads have discussed there is the matter of ROG involvement in CTP. CTP are so close to an announcement on last hole which already has 60M of coal that I cannot understand sellers of ROG before at least this CTP hole results are known I can see at least 1c increase in ROG on CTP positive announcement
revisit the value here, page-3
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $37.95M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $28.73K | 4.072M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 34188946 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 13326894 | 17 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| ROG (ASX) Chart |