I see Target price of more than 0.23
As per the report Ausdril has received 4,235,101 fully paid ordinary shares in exchange to drill for equity worth $1 million
Hence if they are looking at the $1 million cost to drill in exchange of 4,235,101 shares.
Means they expect the price per share would reach atleast $1million/4,235,101 =23 cents
Currently it's at 4.4 cents
I just cancelled my open sell order for 10 cents..
I believe this will definitely go beyond 23cents.
Please correct me if I am wrong !!
Target of 23 cents
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Change
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Mkt cap ! $4.069M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 10574457 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.3¢ | 21997 | 1 |
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