Cheers Shire. That is a good starting point.
So HDR Market Cap of $1.47 Billion when taken over. The only way that sort of number could be reached in the short term is if the next well is also a success. I suppose its chance of success has greatly increased, so perhaps this is not such a wild number. Hmm.
Would anyone be able to offer an opinion on what HDRs other assets were worth at the time of the friendly T/O? As brokers have some fairly wide ranging views on FARs other assets. From what I have seen, perhaps $0.10 for everything else right now? (and yes, I know many will jump up and down that $0.10 is cheap, but surely its better to be conservative for now) Happy for FAR to announce a farmin to its other blocks tomorrow, then we can change the numbers etc.
So then the question is, how much is the current discovery worth (Fan-1), and what could/would SNE-1 add if a success?
FAR market Cap, page-6
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27749 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10897 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |