Gryphon and Certus Gross profit over last 6 months that has not been reported as debt, page-119

And now Stonehorse Energy has reached a new low representing even better Bargain..

	Table for Cash+Recent income + BRK etc shares	AUD$	Per Share AUD$
1	Today's date	10/05/2024
2	SHE Share price (1)	0.010
3	NumberStonehorse energy shares (2)	684,435,083
4	Market Cap (3)=(1)*(2)	6,844,351	0.01
5	Cash in bankon30 /03/2024(4)	5,656,000
6	Caroline Well February $ owed not yet received (5)	293,466
7	Caroline Well March $ owed not yet received (6)	281,884
8	Caroline Well April $ owed not yet received (7)	272,651
9	Gryphon Well February $ owed not yet received (8)	70,500
10	Gryphon Well March $ owed not yet received (9)	60,000
11	Gryphon Well April $ owed not yet received (10)	50,630
12	Caroline well, may 1st to 10th not yet received (11)	90,884
13	Gryphon Well May 1st to 10th not yet received (12)	16,877
14	Sum of wells $$ not yet received (13)= (5+6+7+8+9+10+11+12)	1,136,891
15	BRK shares '45,000,[email protected]'(15)	585,000
16	DMG Shares '896,[email protected]' (16)	9,863
17	ProtonLoan '370,000$ CAD=414,000 %AUD' (16)	414,400
18	Proton loan interest for April @APR 30 or 2.22%/month (17)	9,160
19	Cash +loan+ unreciepted Cashflow(17)=(13)+(14)+(15)+(18)	7,811,314
20	Enterprise value (3)-(18)	-966,964
21	Cash expended on new wells during april 2024 ???	???

And in image format for your convenience:



Notice that now Stonehorse energy is almost negative 1 million Enterprise value, that is 14% of its market cap.

This is equivalent to buying a a rental property for 6.8 million and in kitchen finding 5.6 million in cash for the new owner, along with others cash items totaling 7.8 million... just buying it and you make a profit... and this is considering the rent of around a few million ,or annual return of around 40+ %

Most rental properties return after rates ,fees etc around 3 to 4 % ,

No doubt Aspersions will be cast by you know who ..about not to trust these figures ,...but its all public ally avail be, cash is in the last quartile, we know BRK shares price and number, WE know Caroline and Gryphon production...

and the profit generated from them as reported at the start of this thread
https://hotcopper.com.au/posts/73709634/single
and
https://hotcopper.com.au/posts/73709645/single

David deloub has said how much profit gas, NGL and Condenstes generate, he has given you the production volumes ... and the unit cost.
It does not take a astro-physacist to work this out yourself.

THE NUMBERS DONT LIE.
The production volume are in the graph in the last quartile and the previous ones. the prices we know because david told us and are availble on Alberta goverment website.
Check this yourself ans ask yourself why certain posters would say SHE is not good value .... when it clearly is if you do your own research.

Bargains like this only come around a few times a year.


Let Credit dumbness post his diatribes where he does not offer any figures himself ...why is that ?