Australia's largest stock trading and investment forum Australia's #1 stock forum

BYE

Click for more information

0.00%

5.4¢ byron energy limited

Thanks to all for the great responses. So if drilling goes well...

First 18 Last

Share
Profile

Follow
Tn00b

152 Posts.

21

07/09/22

18:51

Post #: 63572743
Share

Originally posted by stumpytrunks: ↑

Relative to stated expectations it is a failure, sure. Is it an economic failure using any independent financial measure? Probably not. G3 clearly not going as well as any of us would hope, but G5 alone should see this round of drilling classified as a genuine success.
100% my view. The company is taking a 'use all available equity to drill' approach at this stage, in order to build a large production base. At any point they can turn the development tap off and rake in the cash. There is risk to this approach, but management have shown that they have strong relationships with partners/suppliers that gives enhanced flexibility. However, raking in the cash is not the strategy...it is clearly to prove the acreage and technology and sell the farm. Having two successful platforms provides a very, very good base for this. Unless they want to raise equity, the share price is really an irrelevance for an existing holder that doesn't need to sell...the only number that matters is the end sale price.

Expand

Thanks to all for the great responses.
So if drilling goes well in the early new year do you think the plan is to put the farm up for sale?
Then in the meantime, pause exploration, rake in the free cash flow, buyback BYE shares at a ridiculous multiple and pay big fully franked dividends?
3 Upvote

0 Great analysis

Reply

Top Stories

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

GRE

Greentech finds lithium trend across 5.5 km at WA's Kobe South

PYC

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

AW1

American West does it again at Storm with visually identified thick copper hits at Cyclone, Lightning Ridge

LGM

Legacy shares jump on discovery of multiple epithermal veins at Bauloora JV

There are more pages in this discussion • 25 more messages in this thread...

First 18 Last

Add BYE (ASX) to my watchlist

(20min delay)
Last 5.4¢		Change 0.000(0.00%)		Mkt cap ! $58.25M

Open	High	Low	Value	Volume
5.3¢	5.4¢	5.2¢	$86.56K	1.636M

Buyers (Bids)

No.	Vol.	Price($)
1	58231	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	260722	3

View Market Depth

No.	Vol.	Price($)
1	58231	0.052
1	914211	0.051
2	118572	0.050
2	426772	0.046
2	149673	0.045

Price($)	Vol.	No.
0.054	260722	3
0.055	282256	5
0.056	223855	3
0.058	291218	3
0.059	41804	1

Last trade - 16.10pm 10/07/2024 (20 minute delay)

BYE (ASX) Chart

SPONSORED BY