It will be much higher if we can sell an asset or do a very favourable farm in.
Remember Cyrano and Backreef and Gippsland are valuable assets with various interested parties at different levels of negotiations. CA's restrict us from knowing who and what's going on. But I am confident management will get a great deal for shareholders over the line very soon. This might be why the guy buying options could be giving us an indication.
Think about this scenario, selling 100% Cyrano for 7.5 million and farmout Backreef 50% for a 3 year fully funded drilling program at no cost to OBL. Use some of the cash from Cyrano to do a buyback of OBL shares and payout Lind Convertible Note. Where would OBL share price go?
The current market seems to only consider the Derby Block as an asset of which the market thinks there are no plans or actions happening due to owner disputes and funding problems.
The market is wrong!!!!!!!!!!!! There will be a big turn around and bring on any take over.
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.312M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.1¢ | $14.53K | 681.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 968848 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 683870 | 0.003 |
19 | 25757561 | 0.002 |
15 | 18215015 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 11012939 | 22 |
0.005 | 5224950 | 6 |
0.006 | 9926666 | 4 |
0.007 | 7845449 | 7 |
0.008 | 3646766 | 2 |
Last trade - 10.35am 07/11/2024 (20 minute delay) ? |
EMP (ASX) Chart |