EXR 2.70% 3.6¢ elixir energy limited

muness - date to reach target depth

  1. 2,631 Posts.
    lightbulb Created with Sketch. 17
    The Muness well spudded on 30 November and is due to reach target depth on around the 22nd day. That is what I have been told by the CEO. So early to mid next week.

    Buyers and sellers have been very careful in relation to not moving the price too much. I have noticed sellers stacking the sell side only as much as is possible without pushing down the price, while there has also been consistent buying (including by EXR directors) which has been carefully orchestrated not to push the price too much higher. All trading done in a fairly narrow range. This stock is still not on the radar for most investors.

    I think the price still looks tremendous value in a risk/reward sense with even failure of the muness well not expected to lead to a big sell down due to upcoming Jaguar. If it is successful, there is prospect of a significant rerating to above $1.00 IMHO.

watchlist Created with Sketch. Add EXR (ASX) to my watchlist
(20min delay)
Mkt cap ! $24.76M
Open High Low Value Volume
3.7¢ 3.7¢ 3.6¢ $55.32K 1.519M

Buyers (Bids)

No. Vol. Price($)
2 203684 3.6¢

Sellers (Offers)

Price($) Vol. No.
3.7¢ 1805806 7
View Market Depth
Last trade - 15.32pm 02/07/2020 (20 minute delay) ?
-0.001 ( 2.70 %)
Open High Low Volume
3.7¢ 3.7¢ 3.6¢ 128200
Last updated 10.48am 02/07/2020 (live) ?
EXR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.