In light of the circumstances it looks like a good move to me. Shorten the potential CR overhang. But they better not offer the CR at less than 1.7 to the sophi's and insto's or I for one as a defender of managment thus far, will be forced to re-evaluate that stand.
I don't know why, but I get the feel that management are frustrated with the lack of loyalty shown by holders with what must be a slow take up of the offer. All the while having large insto's constantly begging and badgering to be placed the new shares, why should management elongate the CR? Close it this friday, then on monday announce some positive news like a drill date.
People, we are about to make history soon. This little non-producer is about to drill the first horizontal and fracced well on these shores, in a rare virgin oilfield which according to the geolytical legends Ryder Scott, may contain up to 5 BILLION BARRELS of OIL Recoverable!!!!!
Go figure!
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3.2¢ |
Change
0.001(3.23%) |
Mkt cap ! $18.49M |
Open | High | Low | Value | Volume |
3.1¢ | 3.5¢ | 3.1¢ | $61.53K | 1.858M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5433 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 300000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5433 | 0.032 |
2 | 442643 | 0.031 |
1 | 1995000 | 0.030 |
1 | 394685 | 0.029 |
1 | 500000 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 300000 | 2 |
0.039 | 66666 | 1 |
0.040 | 250750 | 1 |
0.045 | 169680 | 2 |
0.046 | 127000 | 1 |
Last trade - 15.31pm 19/08/2024 (20 minute delay) ? |
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