The part that we need to remember is that this is an asset play (not exploration) . With our current 20% buy in to the play at 5.3 cents the market is valuing our lands at approx $1,750 per acre (at 57% farm in the lands would be valued at $650 per acre, it's just maths), hence the transaction that was released to market last week at $4,400 was essentially telling you that our share price should be 15 cents based purely on asset value.
So there have been 2 announcements to market, we are now farmed in to 20% ownership and the $4,400 deal for acerage next to us, that the market has totally ignored.
Take a look at the share price of our neighbouring competitors, painted Pony etc, they have all spiked up after a long cold winter. .Oh and have you seen the oil price.
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The part that we need to remember is that this is an asset play...
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Last
12.5¢ |
Change
0.003(2.04%) |
Mkt cap ! $78.21M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.5¢ | $17.75K | 142K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 10924619 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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12.5¢ | 26754570 | 97 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
17 | 9481818 | 0.120 |
2 | 201564 | 0.115 |
3 | 320909 | 0.110 |
2 | 205000 | 0.105 |
2 | 220000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 26696200 | 95 |
0.130 | 3360714 | 32 |
0.135 | 4019034 | 25 |
0.140 | 406391 | 5 |
0.145 | 70000 | 1 |
Last trade - 10.02am 28/03/2024 (20 minute delay) ? |
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Last
12.3¢ |
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Change
0.003 ( 0.00 %) |
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Open | High | Low | Volume | ||
12.3¢ | 12.3¢ | 12.3¢ | 69037 | ||
Last updated 15.33pm 28/03/2024 ? |
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