SR S6 bello kooka etc. Thanks for everyones input on MAE I have found it helpfull and thought provoking.
I have used information from a book, Valueing oil and gas companies,(Nick Antill and Robert Arnott dont know how accurate they are, any thoughts?) and with information released to date I arrive at an approximate value of $1.35b correct me if I am wrong from the 30/04/08 cash flow report I arrive at 371,394,186 shares and options available.
So this equals $3.60 per share and on current SP is in the 3 times table which is awsome.
Iam sure if you are a bit more savvy than me you would have bought at lower values and would indeed be well and truly in the 6+7 times tables in the future.
Anyway thats my calcs and if I am missing anything please feel free to tell me, positive and negative thoughts most welcome.
MAE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held