Can someone let me know if my minimum $10m revenue to EMR makes sense, as this should fly if that's the case. And that's just for $25m worth of wells. Let's assume $10m pre tax profit for now, as costs would be minimal. A multiple of 8 throws up around $1 already ignoring any options dilution, and given these are long term producers, 8 is not a silly multiple.
If this adds up, I would expect another reasonable rise to between 20c and 30c once the deal is understood over the next few days combined with some reasonable drilling results, then a large rise on confirmation of funding.
Just seems to good, so still looking for holes
Can someone let me know if my minimum $10m revenue to EMR makes...
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Last
$4.00 |
Change
0.080(2.04%) |
Mkt cap ! $2.630B | |||
| Open | High | Low | Value | Volume |
| $3.93 | $4.02 | $3.93 | $11.98M | 3.006M |
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| No. | Vol. | Price($) |
|---|---|---|
| 29 | 10202 | $4.00 |
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| Price($) | Vol. | No. |
|---|---|---|
| $4.01 | 15539 | 47 |
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| Last trade - 15.56pm 03/07/2025 (20 minute delay) ? |
| EMR (ASX) Chart |