Jump to content
SAU Community

Recommended Posts

this has me surprised, they diluted their value.

yet ended up higher.

I expect this to drop down a bit.

that said if it drops under .035 which seems to be it's real value currently i'm then going to buy in, then ignore it for a year or 2.

What are you basing 0.035 on?

The reason it went up is likely because the capital raising was offered to institutional investors instead of dickwad short termers trying to make a quick buck. Private investors are therefore only left with the news that it was oversubscribed and raised 25 million instead of 15 million. Shows big confidence in the company from the sophisticated investors. The shares are diluted but even diluted the shares are fundamentally worth a lot more now because the company is in a better position financially. Company now has more than enough cash in bank to finish buying acreage, pay for seismic photography and get on with drilling ice wine 2 first quarter 2017. Unless bad news hits the price should not fall. May stabilise or slowly sink with no news, but with no news also come more long term holders and less short termers.

It may go down after the issue date when the shares are released to market, as institutional investors can still offload cheap shares for quick profit if they want but less likely to happen than with retail investors.

Regardless, not really share you should focus too much on the short term price of IMO. If you're watching daily for a good exit or entry point of a long term investment, half a cent or two isn't much in the scheme of things for a spec where one day the share will either be worth nothing or up in the dollars when the play has been totally proven up.

DYOR but I will continue buying up with this one. I still believe it is seriously undervalued given the potential prize on hand. You might want to look at the options too for a long term strategy.

In other news, Leesh's GTST nicked from the airport long term carpark :(

Think it was taken early April while we were away, so no doubt already in a thousand pieces, but just in case...black with a purple pearl, body kit and gold wheels.

Basing .035 on the recent new share release. That's what they offered the big boys so this what I base my roving off

Re car that sucks massively they had a no theft rate for decades till the new ppl came in and only cared about profits

Hope they find some footage. But also not holding my breath on them helping

so 2 now been in 2 accidents with buses in past week.

not looking forward to 3 times a charm..

(bus last weekend on way to a wedding tried to do a u turn and hit a tree, smashing windscreen and the bit above the windscreen/roof..)

(taxi on way to office this morning pulled out in front of a bus and got clipped by it.)

Woo

I really need to fit a fire extinguisher.... Maybe if I cable tie it to the front table it'll pass[emoji14]

Also need a diff. Finding time to drive to scottys while Scotty is actually home/available is always difficult.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now



  • Similar Content

  • Latest Posts

    • Yep, that was one of the things we learned fast in the past with our MX5. When you drive with the top down, you are effectively standing out in the sun, 100% of the time, and not getting in any shade (because roads aren't shaded generally!). Just like standing out in the middle of a field on a sunny 27C day is a bit of a bad plan, so is sitting in a MX5 without sun protection.
    • I also just ordered some Frankenstein bolts and side mounts to fit a hard top Just in case I do find one, basically so it doesn't need to be fixed to the car with only the front latch.......and then gaffa tape to keep it in place for the RTN journey from wherever I get it
    • If your temps are fine now, you probably won't have any issues with where your vents are as they don't look right up at the windscreens high pressure area, so any differences when giving it the beans for extended happy laps would be minimal, but, they should vent heaps when stuck in traffic  Much like how that reverse cowl on my SS let "visible" heat out when stationary, but, because it was basically at the windscreen my coolant temps on the Hwy actually raised because air was being fed into it at speed (110kph), to only come back down to around 90° when I got off the Hwy And your 100% correct about the NC currently not needing vents, but, if I was to add a turbo, and a oil cooler and intercooler in front of the condenserand radiator, and then take it to the track???? It is apparently a recommend requirement if I don't want to worry about coolant or oil temp issues, but, any of the above are possible scenarios, over time As it sits now, with the triple pass radiator and stock air conditioning system, I have absolutely no issues with either temps or air conditioning efficiency, I've been basically daily driving thie car for the last month, both on the Hwy, and peak hour, bumper to bumper traffic, but, that's pretty much expected from basically a standard engine  Talking about no issues daily driving, it was 39° the other day and I was sitting in bumper to bumper traffic on the M5 and then M7, with the top down, and with the air conditioning blowing nice cold air on my feet, balls, and face, well, there was one issue, my head and arms got pretty sun burnt Note to self: leave a hat and sunscreen in the car for such days 🤣
    • I would agree, unless you need something specific to the HV motor/battery side repaired or investigated, any mechanic will be able to perform normal services, but if you prefer, maybe look for a mechanic who regularly services/repairs Nissans, the VQ engines are pretty common in the Nissan lineup.  Sorry, I can't make any suggestions, I don't live in Vic.
    • Some of them keep working fine. 9 out of 10 of them end up causing an absolute misery bleeding the system and get thrown on the workshop floor in a tantrum and never thought about again because they were never really needed and just added crap to the car that we could have done without. Same-same with HICAS, A-LSD, and various other stupidities that over eager 10x engineers thought we had to have.
×
×
  • Create New...