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.
WTI is over $120. Someone correct me if I am wrong, but for...
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Last
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Change
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Mkt cap ! $64.32M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $107.3K | 8.154M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 17679010 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 20131434 | 25 |
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| Last trade - 14.47pm 16/05/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
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| Last updated 15.27pm 16/05/2024 ? | |||||
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