Market clearly got this one wrong...
Still is getting it wrong in my view at just 36cps.
Existing production (modest)...recent discovery (reasonable)...just picked up 27.5m MAE shares (currently $2.16 each)...and still plenty of other assets.
Right sector, righ time...and just 58m shares on issue.
What have I missed?
Current price does not even reflect their new MAE position, which equates to some 55cps?
Doesn't see a lot of volume, so looks to me like profit taking while the volume is there...afterall, it is up some 42% today.
Somnething tells me the current selling will be short-lived.
Back in my hole.
Cheers!
Market clearly got this one wrong...Still is getting it wrong in...
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 (20min delay)
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $29.81M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.7¢ | 2.7¢ | $22.71K | 841.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 157339 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 208284 | 3 |
View Market Depth
| Last trade - 10.35am 12/08/2025 (20 minute delay) ? |
| ODY (ASX) Chart |