5GN 2.94% 17.5¢ 5g networks limited.

re: *** a very sick patient Hey SP,ARQ needs to build its...

  1. 501 Posts.
    lightbulb Created with Sketch. 92
    re: *** a very sick patient Hey SP,

    ARQ needs to build its reserves through discoveries, until the market is confident that this can be done then comparing the company to the XEJ will prove fruitless. Remember, the XEJ is a big picture indicator (oil price and energy sector sentiment), at the moment there is only negative sentiment as far as ARQ is concerned.

    Disappointingly, ARQ broke its support at $1.70 yesterday and as you say is in weak shape from a TA perspective. Hopefully Dongara 35 can recover some oil and provide holders with some well deserved relief, it has been a turbulent 3 months. With 100% of Dongara ARQ needs to find 5 million barrels recoverable for it to be equivalent to a Hovea/Jingemia sized discovery.

    The news flow from the company since the investor presentations has been slow. What's happening at Evandra? What's happening at Tarantula? Why was Dongara 35 fast tracked? What about corporate developments? Why doesn't the company provide more comprehensive information on its prospects and the reasoning for its decisions as was commonplace in the past? I see ARQ is advertising for an External Affairs manager on their website, hopefully this will improve the news flow.

    I wish everyone all the best, hopefully 2006 proves to be a better year for ARQ.

    Regards
    Sinkers
 
watchlist Created with Sketch. Add 5GN (ASX) to my watchlist
(20min delay)
Last
17.5¢
Change
0.005(2.94%)
Mkt cap ! $59.99M
Open High Low Value Volume
17.5¢ 17.5¢ 16.5¢ $86.54K 505.0K

Buyers (Bids)

No. Vol. Price($)
4 335324 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 367947 6
View Market Depth
Last trade - 16.10pm 29/03/2024 (20 minute delay) ?
Last
16.5¢
  Change
0.005 ( 2.94 %)
Open High Low Volume
17.5¢ 17.5¢ 16.5¢ 64872
Last updated 14.13pm 29/03/2024 ?
5GN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.