Lets say that the co, is making roughly 200M a year at 6000bopd net to cvn.
With tax and expenses they only make 25% profit. Thats $50m a year clear profit. compare that with a lot of aussie companies and it doesnt look to bad in the current economic climate when most are struggling to make a profit.
My aim is to perhaps have as many shares as i did last year, pre multi hits into NSE.
There is imo an opportunity that is bieng presented in the current climate that could be described as, golden.
50 million clear profit a year
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