g'day Mont.
based on new BG bid, 2P gas only worth around $1/share. If as we are highly confident they have another 5TCF of 3P gas (yet to be drilled), that's another $1/share.
Then they have $150m cash plus US$60m/yr EBITDA from electricity sales.
OK discounts for Indonesia & the no certification yet of the 5TCGF 3P. But it HAS TO BE $1-2+
$1 bare minimum.
it may take a year or two before the market get this one, so LONG TERM buyers only.
cheers,
ned, holding plenty.
new value of ewc , page-2
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Last
1.6¢ |
Change
-0.003(15.8%) |
Mkt cap ! $49.26M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 1.9¢ | 1.6¢ | $42.43K | 2.383M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 1192784 | 1 |
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| Last trade - 15.30pm 15/11/2024 (20 minute delay) ? |
| EWC (ASX) Chart |