Looking cheap here, the market will apply a 12 month outlook to the cash flow from these two wells and add it to the current cash balance to work out a base market cap.
But its worth asking the CEO about the Proton production rates, the report says its about 20BOEPD which is quite low, so what is the current payback of the investment? I don't think it will be the 8 months they initially targeted. It's a relatively small investment, but we should have an idea of when we will see repayment.
Just my opinions.
Looking cheap here, the market will apply a 12 month outlook to...
Add SHE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.475M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $1.845K | 215.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3289121 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 951782 | 2 |
View Market Depth
| Last trade - 15.48pm 07/06/2024 (20 minute delay) ? |
|
|||||
|
Last
0.8¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.8¢ | 0.8¢ | 0.8¢ | 19423 | ||
| Last updated 11.52am 07/06/2024 ? | |||||
| SHE (ASX) Chart |