SNE 0.00% 15.5¢ somerton energy limited

venture in used car yard at new prices, page-4

  1. 7,747 Posts.
    Not 100% sure, but I think your numbers are out.

    I remember we were trading betrween 0.5c and 0.6c (usually 0.6c) pre consolidation.

    We then did a 30:1, so sp should be 15c-18c.

    We also had a rights issue at 13c

    The day of relisting post consolidation, we shot to 21c. A 3000% odd gain. But most of that due to 30:1. About a 20% stag profit was available.

    Now, as most consolidations do, the sp is slowly tracking lower.

    Its almost in oversold territory for mine IMO. But problem is hard to buy or sell in volume. And we arent expecting major news anytime soon, so could head lower.
 
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