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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Last
46.5¢ |
Change
-0.015(3.13%) |
Mkt cap ! $42.97M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 46.5¢ | 46.5¢ | $3.174K | 6.826K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 53774 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 2400 | 1 |
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| Last trade - 15.59pm 01/10/2024 (20 minute delay) ? |
| FAR (ASX) Chart |