Well very disappointing results, but that is the risk. Scrap that project and go find another one that is worth spending the money on.
As for the stock, well 0.6 is fair value using the shell value at $2m and the cash in bank of $2.48m, so I'd suspect buyers will start to soak up stock around that 0.5/0.6c level.
Let's hope the next project is better than the last! Time to average down a few and get ready for the next ride.
Shell again...
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Last
34.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $622.6M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.0¢ | 33.0¢ | $1.907M | 5.596M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7700 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 50997 | 2 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| LOT (ASX) Chart |