On todays close the Market Cap of CE1 is about AUS $54 million do your really think that a sale of the Blackspur asset for $27 million would be an attractive price for it ?
It is clearly worth far more than that .
It would produce more cashflow than that in about a year if they just stopped drilling altogether and let the production drop .
I think your analysis for what it is worth is wrong .
Ann: June 2023 Quarterly Activities and Cash Flow Report, page-57
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