Australia's largest stock trading and investment forum Australia's #1 stock forum

TAP

Click for more information

0.00%

7.8¢ tap oil limited

Ann: June 2017 Quarterly Report, page-13

First 13 Last

Share
Profile

Follow
nammuldi

3,497 Posts.

334

30/07/17

14:46

Post #: 26166891
Share

Originally posted by Autosime ↑

I think Manora should be looked at as the cash generate to underwrite the next move . They are looking at cash flow generating assets and may be able to purchase these with a bulk of debt but if for example they can monetise the WA gas assets for anything above 5 m then they could buy a sizeable asset with a combination of debt , equity and cash . Although equity dilution is likely at some point I think if it occurs after monetisation of gas assets it can occur at a much higher price . Complete debt funding is possible but I would prefer a little less leverage even if it means some dilution . At 26m market cap they are 4 m net cash, closet five ones adds the 800k still to come so it's cheap. Moreover a lot of value can be added by some exploration success near mmkt anora. Even a 2 m recoverable oil pool would add 2c a share to the SP in value

Expand

auto - 26M mkt Cap - how did u get that - i thought 166m by 0.06 gives 9.96m mkt cap - disregarding any outstanding bonus shares etc etc -

TAP Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CXU

Cauldron Energy reports "excellent" uranium assays in latest drill run

Week 41 Wrap: HotCopper asks “Back to Mongolia?” for Elixir; US CPI comes in at 2.4%; eyes still on China

SHN

Sunshine Metals kicks off copper gold drilling at Truncheon; Highway East targets

A3D

Defence MOU for propulsion systems pushes Aurora Lab shares higher

IMA

Issues emerging as Australian companies tackle critical minerals challenge

TIG

Tigers Realm's US$49M sale of Russian assets – to a Kremlin-adjacent billionaire – set to go ahead

RAG

Ragnar impressed by 11.55 metre pegmatite in Sweden, anticipating further mineralisation

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

NWH

NRW Holdings inks $109M deal with BHP for works at Jimblebar

ASX Market Open: ASX200 to open flattish after Wall Street weakens on hot US inflation data | October 11, 2024

There are more pages in this discussion • 2 more messages in this thread...

First 13 Last

Add TAP (ASX) to my watchlist