SHE 0.00% 0.8¢ stonehorse energy limited

0.5c per share dividend, page-72

  1. 2,278 Posts.
    lightbulb Created with Sketch. 115

    Similar estimates to yours James,
    If we factor in that BRK shares have increased 25% since when the quarterly report was done them we get the below:
    31/03/202328/04/2023% increase
    1BRK Shares share price0.0120.01525%
    2Value of BRK shares630,000787,50025%
    3Cash in bank10,580,000

    4 Profit generated over April 2023
    260,000
    5Estimate liquid assets 28/4/2023
    11,627,500
    .
    # shares684,435,083
    1share price 28/4/20230.016
    2Market Cap10,950,961
    3Liquid assets11,627,500
    4Market Cap less Liquid assets-676,539
    .
    Assuming SHE do absolutely nothing and they just let the cash flow in over the next 5 years, this means they wont have any cost's associated with exploration ,travel.. drilling,stimulation of wells. most of the revenue less tax would be profit.
    And they took advantage of tax loss carried forward from the NIO days.
    .
    They would have accumulated enough cash to justify a share price of multiples of current share price and that is with them doing nothing and the
    Market cap being at cash in the bank..
    Imagine if they decided to do nothing and just paid out 50% of the cash flow in dividends ..year after year..what would that do to the share price.
    .
    Now imagine that they do more loans to Thermal oil at 30% return per year..
    .
    If i had the money i would buy the whole company up.







 
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