I have to admit I am very suprised, the SP did not tank today - a lot of people were predicting 4 to 5c SP due to the diluting of shares - however we endedup on 6.3 - looking at the current volumes and charts we might actually be looking at a 7.5c SP if the current buyers do a few good trades.
I think the biggest thing keep the SP strong at the moment is the question of "why do we need the money" - two reasons IMO - 1.) drill alone in senegal - or 2.) - and my personal opinon - another JV with a new partner - maybe OPHIR?
good time to get in IMO - I think the SP might go up from here.... all IMO DYOR - we shall see how tomorrow goes :>
Ele.
things are looking good for far
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $20.57K | 41.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 81354 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 3135 | 4 |
View Market Depth
| Last trade - 15.41pm 30/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |