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.
- Forums
- ASX - By Stock
- what do we need for price recovery
We have seen a few months of the market progressively losing its...
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BUR (ASX) to my watchlist
|
|||||
Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.54M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 85005 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 66876 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 85005 | 0.096 |
1 | 100000 | 0.095 |
1 | 11111 | 0.090 |
1 | 100000 | 0.081 |
2 | 72500 | 0.080 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 66876 | 2 |
0.115 | 3702 | 1 |
0.120 | 50000 | 1 |
0.125 | 145615 | 2 |
0.130 | 142857 | 1 |
Last trade - 09.59am 15/08/2024 (20 minute delay) ? |
Featured News
BUR (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online