The other thing SFR could do to boost their share price (and may well do when the two project's look safer). Is start using cash to buy back their shares. I said that Black Butte and Tushukudu should be optimally debt funded to lift IRR.
EPS could also be mightily enhanced by a vigorous share buyback. That has been done a little before.
I thought CMO's SP net of cash is around $2.72/share could show a strong earnings profile.
I agree SFR looks riskier at present however, from my perspective that's where the return lies and these guys have a decent track record.
When will Botswana produce?, page-44
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Last
$8.73 |
Change
0.030(0.34%) |
Mkt cap ! $3.992B | |||
| Open | High | Low | Value | Volume |
| $8.72 | $8.73 | $8.56 | $8.515M | 980.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28010 | $8.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.73 | 6502 | 3 |
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