I think it is the general market weakness and also tax loss selling will start to pick up as we get towards the end of June.
Just because a company isn't drilling next week, does not mean it is doing badly.
Cue's oil production must be making considerably more money in recent months at the higher prices and also Wortel will come on stream at the end of the year as well adding another cash producing projects into the mix making four sources of cashflow - Oyong, Gobe, Maari and then Wortel.
The balance sheet of Cue can only get better. None of the large scale WA drilling is costing them anything. They do not need to raise capital for any immedite reason. I am looking forward to the next qrtly report to see how much it has improved.
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I think it is the general market weakness and also tax loss...
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $76.85M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 10.5¢ | $42.89K | 382.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 513916 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 369179 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 513916 | 0.105 |
23 | 1244845 | 0.100 |
1 | 100000 | 0.098 |
1 | 49509 | 0.096 |
1 | 26315 | 0.095 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 369179 | 3 |
0.115 | 553546 | 6 |
0.120 | 1861890 | 8 |
0.125 | 116962 | 1 |
0.130 | 75000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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CUE (ASX) Chart |