RE: Eog value.23 Oct 2022 14:24
@Corky, you're looking at the decimation from ~3p due a bad RNS, (Well cap and abandonment), fierce seller and finally the icing on the cake or rather accelerant, the Serenity result!
Whoever the seller is, still doesn't want to sell at a loss at current value, (this is where charts come in handy), so sells into the rise, any rise. BGF will be already in considerable profit as they sold a large percentage of the placing shares in the 2~3p range in the lead-up.
IF this was a Company without any other assets in its PF, I could see it fall further, (ADV being case in point),...fortunately it's not... and we're undervalued way below current PF value along with cash in the bank, hence it won't go below 1p IMHO...but as always DYOR.