Exactly what I have been complaining about Mayo and we have had to pay the price of dilution at 5.5c, when it is obvious the shareprice can be moved upwards quite easily.
I doubt any portion of SNE will be sold at the NPV of $10 as why would someone pay that price and get no return. They are paying $10 for something worth $10.
More likely the pice will be between $4 and $8 per barrel.
Will be interesting to see if anyone else has other sales evidence of no developed oil field sales of similar size other than the Oilsearch one I flagged earlier.
Value of SNE, page-6
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Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 50.0¢ | 49.5¢ | $43.20K | 86.49K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21776 | 50.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 94070 | 2 |
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