PCL 1.92% 2.6¢ pancontinental energy nl

Ann: PCL attracts partner in Namibia sub for US $7.7m in 2 stages, page-4

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    proceeds of sale of 10% US$7.7m
    + implied value of remaining 20% US$15.4m
    total US$23.1m

    Converted into AUD : A$28.9m

    That is just Namibia and the proceeds of a farm down of Namibia . Does not include the $3m they already have in the bank or value of Sacramento or Perth basin projects .

    A$28.9m works out at A$0.0055/share and you can still buy them today at A$0.004 so I did !
 
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