Just had a very brief look around.
I don't think it is unrealistic for us to command the following multiples at a minimum?
Applying to our EBITDA of $30M and production of 2,000 boepd brings us nicely to Enterprise Value of US$60M.
- 2 x EBITDA
- $30,000 boepd
I would expect them to be targeting a sale for at least $60M.
Add back the US$25M cash = US$85M
(This ignores the insurance payout, that should be included too)
=AUD$130M
4.8bn shares =$0.027
Is that around what others are expecting?
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-6
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