I agree with pretty much everything you've listed Phogg.
I think the $40 million TS quoted was more him referring to beginning of FY when they had $40 million in the bank. I agree that last quarterly i read it was nearer $24 - $25million.
Pinnacle.
Refer May announcement where 42.8% of pinnacle was deemed to have cost $65 million. Extrapolating through, This gives fair undeveloped value of pinnacle assets of around $150 million and is a reasonable estimate as May was a transaction point. Could be much more, but unlikely to be much less, as further money has been spent on these since. Even in todays market i think $150 million is minimum value here, but i think nearer $200m given the CFE baseline discoveries. Don't forget it also includes the *sleeper* bullum lignite coal project on the coast.
AKI
I have heard it mentioned that CFE will perhaps divest interest in AKI in the coming few months and i'm imagining $70-$80m being the sale figure.
Think that adds another $100 million + onto your $450 million so i think $550m is minimum fair value or $80c / share. As Tri will probably point out, if you are being optimistic you can easily move these valuation figures closer to $2 / share.
Kasper
- Forums
- ASX - By Stock
- CLE
- the incredible value of cfe shares
the incredible value of cfe shares, page-2
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
Add CLE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.73M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
CLE (ASX) Chart |
Day chart unavailable