You all have probably picked up on this as well, but just looking at the 1 year chart the SP has dropped around the same level in June 2014 and December 2014. I think this could potentially suggest EOFY sell off to tidy up the financial reports of the shareholders selling off, depending on their respective reporting periods and dates?
I still think any reasonable company would not commit to a US$215m farm out deal, unless they were confident of finding oil. Time is the most precious commodity in the world and for Freeport to waste it on a well that it does not want to drill does not make sense to me, and then there is the throwing away US$230m for a well that Freeport does not want to drill does not make sense to me also.
It looks like yesterday was selective shareholders doing an EOFY tidy up for the reports to their stakeholders and others panic selling in the herd mentality, GLTAH
You all have probably picked up on this as well, but just...
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HHR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $16.85M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $32.53K | 5.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 11086175 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 4404864 | 7 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HHR (ASX) Chart |