Great analysis, but fundamentally flawed. It's great that we can all elect to go on this ride with PVD, who knows what will happen. As we have seen with a lot of wells drilled in this vicinity, there are not too many that will be commercial, even considering that they have encountered hydrocarbons. This well appears on balance to have a reasonably good chance of success, but the risk is enormous. So let's consider the current price.
Now 45ish cents, PVD has the equivalent of 14 cents per share cash (as of 31/3) it produces nothing, and has interests in 3 permits (none of which will produce for years, even if successful)
Only back in February they raised money (at 36c per share!!)
For an explorer to have a market cap which is over 30c above its' cash holding is pretty good, I think we are already in "blue sky" territory already.
We all know that these type of speculatory shares are only worth what people are prepared to pay. B.O.L.T.A.
- Forums
- ASX - By Stock
- Should be 81c (at least)
Great analysis, but fundamentally flawed. It's great that we can...
-
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HHR (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
0.001(8.33%) |
Mkt cap ! $18.25M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $2.843K | 472.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 19621686 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 32133315 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 19461686 | 0.006 |
24 | 6029943 | 0.005 |
9 | 5152500 | 0.004 |
3 | 3816666 | 0.003 |
4 | 7200000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 32028188 | 23 |
0.008 | 6096070 | 7 |
0.009 | 2250000 | 4 |
0.010 | 1360000 | 7 |
0.011 | 743000 | 1 |
Last trade - 11.10am 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
HHR (ASX) Chart |