PGY 3.13% 1.7¢ pilot energy limited

News: PGY Pilot Energy To Buy Royal Energy In All-Scrip Deal For 143.9 Mln Pilot Shares, page-23

  1. 2,475 Posts.
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    126110000 - current
    1143,900,000 - Royal Energy
    215,909,091 - SSP
    359,848,485 -SSP
    4345767576 - total

    Under my calcs, there will be 345.7 million shares on issue, which @ 3 cent gives this company a market cap of $10.3 million, which seems fair value for now until they start ticking boxes (feasibility study).

    Any comments on the management team?

    Company seems to be heading in the right direction now...
 
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