WTI is over $120.
Someone correct me if I am wrong, but for anyone panicking about options conversion in the next few weeks, and using figures from May 22 investor presentation, we are value at:
With all options converted, we have approx 4,998,000,000 shares on issue. At a price of 0.017 that gives us a value of $84,966,000.
We had $17,700,000 of cash and will obtain another $15,741,000 from conversion, putting the value of operations at (ie excluding cash) $51,525,000.
Now, given our cash flows and the current oil and gas price environment, this is a very cheap investment. Even with a share price of $0.034 (double the price now) we have an operation value of $136,491,000. Still presenting a value opportunity.
Again, correct me if I'm wrong.
Banter and General Comments .. BRK, page-4676
-
- There are more pages in this discussion • 7,278 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BRK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.72M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $105.5K | 10.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 969396 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 46520747 | 31 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| BRK (ASX) Chart |