Hi Ronsteib,
Without even looking at any numbers, I would expect that Byron would have a greater worth than Otto. Reason being is that Byron has found the oil, and it seems that their technology works well. Otto is only an investor here. Byron hold other leases that Otto will not be involved in now that Byron will be generating revenue.
I do understand that if you only look at sm71 and Biv peak that valuations should be similar or in Otto's favour. Market must be looking longer term.
Byrons management has been absolutely impeccable for a long time now. They will be making many investors very comfortable in buying Byron shares. This will also be carrying a lot of weight IMO.
Based on all of the above IMO Byron will be finding a lot of oil in the future.
Hi Ronsteib, Without even looking at any numbers, I would expect...
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4.7¢ |
Change
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Mkt cap ! $50.70M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.7¢ | 4.5¢ | $62.79K | 1.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500000 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.7¢ | 261352 | 3 |
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| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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4.7¢ |
Change
0.000 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| 4.7¢ | 4.7¢ | 4.6¢ | 155008 | ||
| Last updated 13.38pm 27/05/2024 ? | |||||
| BYE (ASX) Chart |