Read the recent Morgans coverage which according to Pure asset management was the cause of the mini rerate
There valuation is based on reserves and resources - not DCF. Interestingly their unrisked valuation is 36c but this is with using a ridiculously low 50c per gj f gas even though they believe GSAs will be at 13 dollars and estimate this to be the gas sales price they achieve. That i s as silly at valuing on oil companies 2 p oil reserves at $3.50 WGO was taken over at 1.40 from memory but even we assume 1.10 we get a valuation in the 50c
Reading this and Petras old reports gives me further confidence the stock on current short and LT GSA prices and recent STO well outcomes is a 50c plus stoc. if there is a corporate transaction that is a corner stone investor i would expect the deal to be struck at a premium
COI Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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