Not good to compare to NZX imo.
NZX is not a good environment for an explorer like NZO, hence why the company has been undervalued for so long.
Australia seem to give more realistic valuations for O&G companies.
Put it this way, Cue currently has a market cap of ~NZ$132M.
NZO should have a larger market cap than Cue. Why is that the case? Well...
NZO own 50.04% of Cue, have NZ$50M of cash in the bank ready for investment in addition to commitments made for Ironbark (and no debt), NZO owns 4% of Kupe and also a 15% direct interest in Ironbark (NZO has an interest of ~25% when you add in our share of Cue. So we own one quarter of the equity of the biggest drill this century, and the deepest drill in Australian history).
We have re-listed on the ASX to get a more realistic valuation of our business.
So the starting point should be Cue's market cap...and then it should increase somewhat from there.
Not good to compare to NZX imo. NZX is not a good environment...
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Last
39.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $87.34M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.0¢ | 39.0¢ | $2.243K | 5.75K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1072 | 1 |
View Market Depth
| Last trade - 10.06am 29/05/2024 (20 minute delay) ? |
| NZO (ASX) Chart |