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AGES has consolidated 15 to 1 in 2022, and the price has fallen more than 95% since then. Many retailer's paper loss is also more than 95%. Probably not many have sold because no point selling at such extreme losses.
Once the issue with PN17, audit reports and AFTON concludes, high possibility of another share reducing exercise such as PP, RI or even another share consolidation. The NOSH is a bit low at 312 million. Be prepared to live in high condo for a very long time to come.
HARTA declare operating expenses is higher due material, gas and other operating costs. Infact increase from yoy. Yet KOSSAN is able to ramp up with lower operating cost with less revenue increase. Hopefully is due to decision to set up new lines that has yet to be utilised in the Bestari line
The main problem with Velesto is the lack of expansion. How are they going to grow more aside from their current rigs? But as long as oil is above $80, they can reduce their preexisting debt and increase in cash flow. My hope is that Velesto can find ways to expand and not just be a boring rig company.
