I just don't get it with this stock, nor CNE for that matter. The obvious has been reported in that the asset is world class, yet the SP does not react. CNE in fact declined 2pc on the news, in fact closer to 3pc as we speak. On CNE blog one poster has said SNE needs 70bucks to be commercial and today's annt is ordinary to say the least.
The fact remains the SP doesn't move on either stock. So really what is the market reading in the reported success of SNE by Cairn and FAR. You really can't say sentiment could you, simply on new discoveries where costs are at their lowest and development in Africa would be at less cost to most places around the globe. I don't even think we'll see any rise tomorrow based upon CNE on the LSE tonight.
they found oil!! just out, page-35
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Last
50.0¢ |
Change
-0.015(2.91%) |
Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 52.5¢ | 50.0¢ | $45.91K | 88.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5993 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5982 | 1 |
View Market Depth
| Last trade - 15.08pm 28/06/2024 (20 minute delay) ? |
| FAR (ASX) Chart |