I had HNR shares when they spun off Errawarra resources in the same fashion. Years later I still have no idea how to even attempt offloading my Errawarra holding to anyone. Negative cash flows each year and I can't imagine anything will ever happen with it. I have slightly more confidence in GGE but to me 'book value' of 2.5c/share doesn't translate to anything tangible. However, if they keep admin costs down and divvy out the profs to shareholders as the wells deplete, then I think I would be happy to keep Louisiana oil until it's natural death as the wells deplete. I'd view it more like purchasing an annuity rather than a tradable holding. Errawarra on the other hand is just a block of dirt, and I don't see that ever changing.
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Last
0.3¢ |
Change
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Mkt cap ! $9.380M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3K | 1M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 19418675 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 175000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 27599472 | 0.004 |
11 | 4475392 | 0.003 |
11 | 11600000 | 0.002 |
8 | 42550054 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1150528 | 3 |
0.006 | 5120000 | 2 |
0.007 | 1285351 | 3 |
0.008 | 5480000 | 10 |
0.009 | 400000 | 1 |
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GGE (ASX) Chart |