Positives
- Raised funds will be used to grow the production in Canada, including new well and facility upgrades.
- Existing production is cash flow positive.
- New well provides the blue sky.
- WBE is targeting the production to double in the next 12 months.
- WBE had $1.05m at the end of June.
- The enterprise value is $2.17m at 0.003 SP
- Directors took part in the raise
Negatives
- High management incentives
- Illiquid
- Under the radar
IMO WBE is a solid Risk/ Reward play at this level and its one of the cheapest oil producers on ASX .
I took a little position in shortfall .
DYOR
GLTAL
Positives Raised funds will be used to grow the production in...
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.523M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 491799 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 149998 | 1 |
View Market Depth
| Last trade - 16.12pm 26/11/2024 (20 minute delay) ? |
| WBE (ASX) Chart |
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