I personally would like to say thankyou to you boiler as whatever you post is very amusing and it definitely makes the SSN forum more enjoyable.
I say this as with your calculations you obviously have not made an allowance for cash held.....lets do a quick calculation shall we.
Cash held prior to todays announcement as per Enercom presentation.....$16.25 million
Cash received today.....$53.7 million
Cash to be received over the next 2 weeks 1920 acres....$6.288 million 1339 acres....$4.385 million 1056 acres....$3.458 million (maybe) Total....$84.081 million USD
With todays closing MC including options at around $150m minus cash on hand gives a MC of around $66m and I didnt even convert the cash to Oz dollars so a true MC of even less is a fair call. SSN is still very much undervalued in relation to its peers and I will not be selling at these ridiculous prices.
SSN Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held