I think, there are at least 5 factors bringing sp down: 1) falling oil price 2) delays on Stanley kick off 3) Maari project clearly underperforming and more expensive than planned 4) funds needed to develop Beibu-Stanley-Elevala/Ketu, 5) company burning cash quickly (exploration, debt, etc.). At these conditions, the company is very likely to go for a capital raising: IMO. It is getting too risky here - hence, I sold out but I remain on the sideline watching.
I think, there are at least 5 factors bringing sp down: 1)...
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $292.1M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 17.5¢ | $260.1K | 1.443M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1575967 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 994447 | 12 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| HZN (ASX) Chart |