Straus ,
I read that on the Red Sky website too and interpretted it to mean that the maximum value of ROG's exposure to the Clarence Moreton basin is A$15m .
That is triple the current shareprice but ERM Power have the option to think about it until 2015 .
Can't see ROG spending any money developing it with the ceiling appearing to be firmly set .
Take away wages and G&A and it looks like there is a relatively low risk chance of double your money within 24 months .
Am I missing anything ?
nsw csg punt with big leverage, page-5
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.53M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $182.1K | 22.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 36939618 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 11435752 | 15 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ROG (ASX) Chart |
