Yes kiwitrev, it's pretty staggering stuff compared to where the...

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Kipper01

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11/11/18

15:14

Post #: 36462561
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Originally posted by kiwitrev ↑

Originally posted by Kipper01
Beardy,

Re APA … Dunno, but might be a good question for anyone going to the AGM clear.png

Kip
Stuart Baker report been mentioned many times but thought worth posting short extract on the valuation from P10 of 17. The cut/paste not worked properly, for example 2P is 19c, 2C is 55c. 3P is 41c and 3C (Bowen only) is $1.53.

From this, we have developed pricing multiples which we think are relevant to BUL although the range from company to company is very wide and results in discounts or premiums related to location far from or near to markets. In deriving these values, we have excluded in some cases, resources which are very remote from existing infrastructure and which we think will require higher cost and /or take longer to bring to market. As a result of all this, we assign valuation “book-ends” based on EV/2P, EV/2C, and EV/3P and EV/3C for gas-in-the ground as shown in figure 11. Blue resource multiple valuations Reserve category PJ A$/GJ A$m cents / sh 2P 71 3.0 213 19 2C 876 0.72 631 55 3P 298 1.58 471 41 3C (Bowen only) 3011 0.58 1746 153

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Yes kiwitrev, it's pretty staggering stuff compared to where the share price sits currently.

Had a look at Blue's website again to look at the page you referred to.
… Even the Bell Potter Report from May this year which also has a Spec Buy price currently of ("only") 29c is highly complimentary of Blue's management, assets and prospects.

Just goes to show what a drifting share price in the hands of disillusioned shareholders can do! The price is obviously cheap! cheap! cheap!

Kip

Last edited by Kipper01: 11/11/18

BUL Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Yes kiwitrev, it's pretty staggering stuff compared to where the...

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