The EV calcs are right- but it is worth noting that EV consideration in a junior O/G takeover is a 5min calc done after they have valued the reserves and resources.
An EV is more applicable to non-miner, for example: comparing the EV is a lot more applicable than comparing two junior O/G
The finest mis-use of EV was BUY releasing an increase of EV per share for their pep11 project. Effectively throwing their anticipated debt on top as if it was a good thing and not stating their debt ratio.
cue ev, page-6
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $73.36M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $262 | 2.618K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 746914 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 239960 | 3 |
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| Last trade - 10.02am 15/11/2024 (20 minute delay) ? |
| CUE (ASX) Chart |