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.
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WTI is over $120. Someone correct me if I am wrong, but for...
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
42 | 31949840 | 0.9¢ |
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Price($) | Vol. | No. |
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15 | 4162697 | 0.008 |
5 | 2852857 | 0.007 |
4 | 6995000 | 0.006 |
4 | 2508000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
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0.011 | 44243607 | 37 |
0.012 | 15551427 | 20 |
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0.014 | 12877951 | 16 |
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