SHE 0.00% 0.7¢ stonehorse energy limited

Can the board explain the current share price please ?Comparison...

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  1. 2,275 Posts.
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    Can the board explain the current share price please ?

    Comparison of Stonehorse Energy Current Liquid assets, Revenue, Oil price today with 12 and 18 months ago.

    .
    Lets estimate SHE assets as of today (excluding assets like wells)


    Cash position as of today (ignoring wells new and old) TABLE 1
    Bank balances +Call deposits10,738,000
    Brookside Shares owned by SHE682,500
    Proton loan418,100
    Interest for quarter(Proton)41,810
    revenue 31/6/2023->02/8/2023 161,667
    Estimated liquid assets today. 12,042,077

    .
    Below table shows 'Cash & Equivalents', Revenue, Oil price and share price
    for today as well as 31/06/2021 and 31/12/2020
    .

    Metrics for different dates31/12/202031/6/20212/07/2023
    Cash & equivalents1,804,0604,289,02012,042,077
    Revenue Year to date493,410673,2504,122,000
    Oil $AUD/Barrel,48.57284
    SHE Share price1.192.591.6

    Notice the cash position today is much healthier today than in the past.
    Notice the Revenue today is also much higher today than in the past.
    Notice how the price of oil today is a lot higher than in December 2020 or June 2021.
    .
    To see how much better then lets convert the value to percentages relative to earlier dates.
    Say for example how healthy is SHE today relative to December 2020

    Metric as Percentage compared to '31/12/2020 Metrics'
    As % relative.31/12/202031/6/20212/07/2023
    Cash & equivalents100%238%667%
    Revenue Year to date100%136%835%
    Oil $AUD/Barrel 100%148%173%
    SHE Share price100%218%134%

    Revenue is 835% of what it was in 2020, and cash is 667% of what it was 2 years ag0
    Share price had risen 34 percent over 2.5 years , still beating banks.

    .
    And compare against 2 year ago 31/6/2021

    Metrics as percentage compared to '31/6/2021 Metrics'
    A s %relative to 1/12/202031/6/20212/07/2023
    CASH& equivalents42%100%281%
    Revenue Year to date73%100%612%
    Oil $AUD/Barrel67%100%117%
    SHE Share price46%100%62%

    These percentages are not just marginally healthier today than in the past, revenue and cash they are few hundred percent better ...
    Cash and Equivalents have grown 281%
    Revenue year to date has grown 612%
    Even the price of oil is 17% higher now than 2 year ago,
    Pretty healthy set of figures...yet share price is two thirds of what it was 2 years ago.
    .
    New wells are coming online in time for increase in price of NG,
    Oil is increasing in price,
    Proton loans are set to deliver very healthy returns.
    .
    If this isn't undervalued then what is,
    If we mark up the share price at past dates by what the revenue or cash what would the share price be.
    Hopefully it will explode like SHE Chairman Robert Gardener DMG price did.
    .
    I know the figures look amazing but do your own research.
    I do this as a hobby and are my estimates... your criticisms are welcome.
    .
    Question to board,
    Given the fundamentals above what is the missing ingredient to get to fair value so investors can get a few hundred percent return and if identified are the board going to take any action to achieve this.
    .

    Last edited by Value4983843: 03/08/23
 
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