floyd - lucky i am bored hey!
Mick, i never said they were insolvent, I said they were broke, which they are. and are going to cap raise, which they most probably will.
they probably have $1mil left in the bank after extra costs and debts.
Their only revenue is H1 making them about $190K a month
they are hardly in a position to spend $2.5mil on a whoppa well or to risk drilling another Moeller, or to drill another Wilcox.. as this will leave them with $0 in the bank if it fails.
So there are 2 options I can see
1) Road show & cap raise
2) sit back get the wells fracked and see what revenue comes from it
option 1 gets them drilling a whoppa well for xmas.
option 2 gets them drilling maybe mid next year...?
either way, this stock is hardly going to run away from me in the short term now is it :)
Bur is not over sold, lets wait and see what the next game plan is before we start counting our chickens.
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floyd - lucky i am bored hey!Mick, i never said they were...
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Last
10.0¢ |
Change
-0.010(9.09%) |
Mkt cap ! $15.03M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.0¢ | $53.59K | 532.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 9.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 150000 | 0.098 |
1 | 30000 | 0.097 |
4 | 142104 | 0.095 |
1 | 11111 | 0.090 |
1 | 100000 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 25000 | 1 |
0.105 | 19460 | 1 |
0.110 | 35189 | 1 |
0.115 | 50000 | 1 |
0.120 | 93600 | 4 |
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