I'm still confident we'll get a sharp rise as soon as its announced the rig is ours. Unless Wellington continue to sell I suppose, but they have to stop at some point.
I've said in an earlier thread to look at what happened with MEO. They were expecting their rig in October last year to drill their 15TCF Zeus prospect. However continual problems with the rig at Ichthys North-1 saw them only just get the rig last week after 4 months. SP got down to 10-11c, but as soon as they announced they had the rig, BAM and she's up above 30c.
why the sudden drop, page-18
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Last
$1.48 |
Change
0.000(0.00%) |
Mkt cap ! $1.187B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.48 | $9.090M | 6.098M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34975 | $1.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.49 | 3831 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| KAR (ASX) Chart |