First oil is expected in Q4 and they've historically guided to this as a time when monetisation of the contingent payment would be considered. Given the now confirmed commitment to liquidation from management, my expectation is it will be sold to WPL within 6 months.
Assuming a 15% disc. rate over two years, I calculate the contingent payment as being worth ~$0.65 cps, so still some solid upside here in my opinion.
First oil is expected in Q4 and they've historically guided to...
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50.0¢ |
Change
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Mkt cap ! $46.20M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 50.0¢ | $12.37K | 24.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19418 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 129688 | 3 |
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