LIO really is quite remarkable. It has 14cps in cash and is making $2.4m per annum (4cps).
LIO knocked back an offer for 7cps for the producing asset when oil was $60 a barrel and it must now be worth at least twice that.
And now there's another 60mmboe discovery with more drilling due.
Whilst its share is only 2.5%, at $30 per barrel, 30% recoverable, this discovery is worth another 23cps on a conservative basis.
That puts LIO at worth somewhere north of 50c. No blue sky, just on existing assets.
With the stock at around 16c and the options (35c Aug 2011) around 4.5c, that puts LIO at about one third of its NTA.
Does anyone know of a more undervalued oiler on the ASX?
Good luck....
- Forums
- ASX - By Stock
- LIO
- most undervalued oiler on the asx.....
most undervalued oiler on the asx.....
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LIO (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.2¢ |
Change
-0.003(12.0%) |
Mkt cap ! $9.613M |
Open | High | Low | Value | Volume |
2.5¢ | 2.5¢ | 2.2¢ | $6.98K | 314.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 231927 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.6¢ | 1413479 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 231927 | 0.022 |
4 | 475000 | 0.020 |
2 | 51157 | 0.019 |
4 | 441943 | 0.018 |
1 | 1000000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.026 | 1413479 | 1 |
0.027 | 5056 | 1 |
0.028 | 500000 | 1 |
0.030 | 46000 | 2 |
0.031 | 212557 | 3 |
Last trade - 15.54pm 10/10/2024 (20 minute delay) ? |
Featured News
NEWS
New gold and silver soil anomalies uncovered at Black Range, strengthening exploration potential
RCE
Phase II clinical trial recruitment for R327G topical gel passes halfway, showing promising results against bacterial skin infections
LIO (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham, MD & CEO
James Graham
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online