I think the point here is that a 20% stake (same as PCL once WDS farm in) in Venus is US$1.7bn (AUD$2.65bn) based on an extrapolation of a recent valuation of the discovery carried out by Barclays.
Saturn could very well hold more than Venus. But let's say it's equal and somebody made us a low ball offer half that of Barclay's valuation at AUD$1.32bn. That is a lot of upside from our current market cap of $160m.
Given this valuation by Barclays, a quality 3D should see the SP move rather quickly imo.
General Thoughts, page-710
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Last
1.6¢ |
Change
0.001(6.67%) |
Mkt cap ! $130.1M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $159.6K | 9.914M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 7747110 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 1273433 | 2 |
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| Last trade - 15.10pm 07/11/2024 (20 minute delay) ? |
| PCL (ASX) Chart |