following on from the above posts we have:
market cap @ 39.35c x 245.8m shares = $97m market cap.
cash of $93m
means all assets of MPo only valued at $4m !!!!!
what?
so, market is ascribing almost no value to all that acreage in N/A, which is still producing last qtr, of 409 boepd.
so 409 boepd say $100 p/b = $41,000 revenue p/d or almost $15m p/a.
so say NPBT is say 50% = $7.5m
so that means assets generating NPBT of say $7.5m p/a you can get for only $4m ?? (please pick a figure)
pretty basic calcs, but you get the drift.
(actually they generated $2.185m on sales of 36895 boe for qtr, which is $59.22 p/b - but it seems that is after royalties and operating costs.)
market sure isn't always on the money.
at some point, a US/CDA O&G coy is going to "what the...?)
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