We have seen a few months of the market progressively losing its appetite for spec stocks to the point where even good quality progressive early producers such as BUR have been sold down to significantly below what is fair value. Great anns have been met with either disinterest or a brief flicker of interest followed by a retrace.
I would think BUR will likely head back to about 14-15c in the near future, but cannot see what they can do to really move the SP upwards. Just how many mmcf/d do they need from marlin to make a difference? What sort of production levels do they need to maintain from Jet3 to support the price?
How are we ever going to move back into the 30s and 40s (and beyond) in this market?
Revenue is current a respectable 17K per day or $500K per month. I know that will drop down due to the current wells production decline with time, though Marlin is also soon to be on-line to boost that up a bit.
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Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.52M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14268 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.5¢ | 200000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14268 | 0.072 |
1 | 28500 | 0.071 |
1 | 14705 | 0.068 |
2 | 83792 | 0.062 |
2 | 116393 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.095 | 200000 | 1 |
0.110 | 10000 | 1 |
0.120 | 42100 | 3 |
0.140 | 100000 | 1 |
0.145 | 179100 | 2 |
Last trade - 16.18pm 18/10/2024 (20 minute delay) ? |
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