I read that in the report.
It seems like they might have about 50$mil cash after 80$mil return of capital. I guess only enough for 5 wells play + expenses. Capital return is not a sustainable strategy as it seems. I don’t know why they proposed it. May be just try to calm investors supporting the share price when relisting. They’re much better off keeping the full cash for a longer sustainable play. Gluck all
I read that in the report.It seems like they might have about...
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.05M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 53.5¢ | 52.0¢ | $17.03K | 32.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10069 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 22471 | 1 |
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| Last trade - 15.03pm 05/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |