COI 0.00% 16.5¢ comet ridge limited

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  1. 20,484 Posts.
    lightbulb Created with Sketch. 2032
    not sure if you’re referring to me or Shistonsou
    30 to 40 valuation Is different to your initial call of $.30. I’ve been here before with wGO, many discussions on what it was worth. At the time STX shareholders were calling it a stranded asset lol the only thing I can say is that I think Comets Mahalo asset iis a lot more valuable strategically to many more people/ companies ,in addition the drilling progress Santos are making and flow results is not in any brokers valuation. I like to look at the data in detail and make some enquiries into the broker models. If for example, you assume $1 more on the realised gas price valuation goes up five cents. Similarly, assuming 15% less Wells sees valuation increased markedly. Have a look at what the flow rates are assumed in Petra’s analysis vs Santos recent results

    I am comfortable with a 40 to 50 valuation, , although I accept a deal, could be struck for less . Our chairman and MD are significant shareholders and imagine would be happy with 35c -40 c a share

 
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16.5¢
Change
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Mkt cap ! $182.7M
Open High Low Value Volume
16.5¢ 16.5¢ 16.0¢ $130.1K 794.9K

Buyers (Bids)

No. Vol. Price($)
1 240095 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
16.5¢ 75755 1
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