shrewd crude, page-22

mabz,
I never questioned your experience.. Ijust pretty much said IRR is useless for those reasons and that OCC is the method I would use...
Im no hot shot oil barron investment banker, mate.... As I clearly outlined Im a student...
Im happy for your success with your grades....
I pretty much agree with everything you just said there...
Sensitivity to how one applies what they are assuming is the key...
My model is easy to work out... Im assuming no cashflows...
How much cash at bank is there?
(this is a rhetorical question)...
On one of my recent posts, what was 100million revenue discovery compared to MEO's current market cap?
....
In taking a position like I have, Theres every chance that in the short term that speculors could turn this to 40cents... MEO have positive sounding announcements coming thats for sure...when speculation ends, thats when we get down to business and wonder how the hell MEO can afford to do a horizontal well and flow test it, at some stage its a must...
In ther short term expect anything...
My investment style would be described Is a 'realist'
I personally tend to lean towards developing projects rather than discovering projects... I found that developing projects can return as much as discovering projects expect theres a major risk difference....
I would consider Heron and Blackwood a discovering project but not a developing project... Who can MEO raise cash from? Investment banks want to cash flow testing... And the flow testing they got from Heron was nil...
They would have to do a SPP!
WHo ever said this is a long term investment is wrong...
This is a short term play with much of it speculation and manipulation as we try and work out what is coming...
....
whats a couple of Hundred thousand for that institution that bought a hundred million worth...
How much did they spend?