We can roughly conclude that there are currently at most 37 other people following this stock closely on HC. The stock is now tightly held and expectation is that market is always right (eventually) therefore today's price is believed to be a fair value for what we have.
We have Production, Growing cash, Working interest in 3 producing projects, further drilling potential both short term and long term, project partners (Petrodome, Clayton Williams and ExPert Oil and Gas. We also have mgt that has a plan which despite some dusters has put us in a cash positive position.
We also have a challenge in our main play due to the unforeseen Snkhole which may or may not effect the ability to develop this project. There is also another company with proven success in developing such a project that has shown similar interest in this project despite the above challenge.
I believe each individual following this stock has sufficient information from the company to judge whether on what we know the value is correct. No different to a car in the driveway.
Our quarterlies are predictable, we should by now all have formed our own opinion of what December will look like. We should also have a view on what June 2014 will look like based on our own assumptions - Best case, Worst case and Likely case.
A balanced view of all the above will enable us to make a personal decision as to buy/hold/sell that decision will be different for each of us. No decision is wrong but limited on our individual assumptions.
It is worthwhile for us to review the thread over the past 4 years to get a perspective of market sentiment. There have been many people post over this time and every perspective gives insight into this company. Each opinion was correct as it was opinion and based on the research or experience the poster had at that time. History repeats therefore we can expect similar discussion in the future no matter what happens.
In drought it is wise to prepare for flood and in flood we prepare for drought. The study of the water cycle will give all and insight as to how most things work.
Good luck to all with your decisions whatever you do, Cash is king whether a junior O&G speckie or an individual. If we protect our cash we can invest wisely and not have to sell. "Have to" decisions are usually regretted in my opinion.
Cheers
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $9.380M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $300 | 119.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 28928674 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 6066692 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 |
Last trade - 10.36am 28/11/2024 (20 minute delay) ? |
GGE (ASX) Chart |