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9.7¢ cue energy resources limited

TO of CUE imminent OGOG moves to acquire 100% of NZOG, page-6

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m0ngy

10,075 Posts.

4852

12/07/19

10:36

Post #: 39490335
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Originally posted by m0ngy: ↑

So we have 2 companies sharing most of the same assets and operating under different exchanges. They both pay the high costs of being separately listed companies. This is expensive, administratively complex and really dumb and it is except for one thing. CUE has the capacity to raise funds on the ASX. That has been of value but with the TO by OGOG it isn't. The TO is said to bring certainty at a difficult time for Kiwi Oilers. In other words OGOG is in another financial realm where it doesn't have to go begging for CRs and won't want the dilution. OGOG will consolidate. It will simplify and streamline and of course make more money because all the duplication is costly and inefficient. Moreover, CUE has such a low market cap and is undervalued partly because it was never a TO target, could never be one with a controlling interest with NZOG. That's changed and it will be amalgamated and consolidated. 15 cps is quite possible for CUE.

My opinion DYOR

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SP looking good today. It is almost impossible to buy CUE without raising the share price - so tightly controlled.
And no holder should sell at these levels. OSOG wants complete control and will soon have it at a much higher price.

CUE Price at posting: 9.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.7¢		Change 0.000(0.00%)		Mkt cap ! $67.77M

Open	High	Low	Value	Volume
9.8¢	10.0¢	9.7¢	$28.48K	288.9K

Buyers (Bids)

No.	Vol.	Price($)
1	70937	9.7¢

Sellers (Offers)

Price($)	Vol.	No.
9.9¢	94614	1

View Market Depth

No.	Vol.	Price($)
1	70937	0.097
3	163392	0.096
4	65752	0.095
1	10000	0.093
1	9646	0.092

Price($)	Vol.	No.
0.099	94614	1
0.105	286999	4
0.110	633880	8
0.115	20781	1
0.120	247429	2

Last trade - 16.10pm 03/10/2024 (20 minute delay)

CUE (ASX) Chart