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FT86,

Imho you display your ignorance of the fundamentals of this stock in an exemplary manner, a real showcase of your ability.

Back in 2009 we had oil near USD40/bbl, CUE had debt and little cash and it's key project was going through startup risk facing delays. Also at that time no one cared about or valued it's WA exploration portfolio.

Since then net cash has soared to over $40mm, or 6 cps with oil reserves also up. So you can add 6 cps to the 2009 low with confidence, before then adding for Maari derisking, improved valuation of exploration and removal of the 2009 end of world doom.

20cps would certainly be a screaming good buy imho, but with 10 cps you are really talking from another planet, one running a large credibility deficit imho. A measly 4 cps above cash backing, really? vs about 11 in early 2009.

Anyone can blow in and pull a number of out of their nether regions. Having a basis might severely challenge them though.

EL