Using a very simple metric for valuing reserves the 750k extra barrels for HZN at 30 USD per barrel for 2 p developed and producing reserves translates to 22.5 m USD of value or 32m AUD which is 2c per share. From a DCF perspective one would argue given the front loaded production profile 3-3.5c May be appropriate. Given the current SP it’s a material announcement and obviously worth more than .5-1c SP increase. This is why I think we will move to 17c soonish
Using a very simple metric for valuing reserves the 750k extra...
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Last
19.0¢ |
Change
-0.015(7.32%) |
Mkt cap ! $312.4M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $486.3K | 2.543M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 617791 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 173048 | 8 |
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| Last trade - 13.38pm 05/08/2024 (20 minute delay) ? |
| HZN (ASX) Chart |