I agree with point 2. Within 2 months they would have $5m cash and have made their backers money let's say they hit 10 cents, options get exercised at 4 gives a tidy 150% potential profit. Personally though I think selling out at 10 cents would be short sighted. I'm hoping SCG gets to 30 cents this coming year at least $150m Market Cap. If they keep 30% of Philippines farm out the other 30-40% and it ramps to 20000 barrels in 2022 with oil prices around current levels I can see 30 cents as being conservative!
As hard as that is to believe with how little the share price has moved lately, they have some serious assets now and a changed dynamic in the energy markets. All comes down to execution now.
One thing I am curious on is what is the timeframe to actually get the JV's moving on the phillipine assets.
I agree with point 2. Within 2 months they would have $5m cash...
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $5.458M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $4.038K | 576.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 3127867 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 708858 | 1 |
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| Last trade - 13.00pm 14/05/2024 (20 minute delay) ? |
| SGC (ASX) Chart |