MEL 0.00% 0.5¢ metgasco ltd

enterprise valuation, page-7

  1. 926 Posts.
    MPO transaction only tells a story of a poor quality resource.

    It is likely if a reserves review was performed on MPO, there would be a reserves 'downgrade'.

    Latest RBS report released on Westside confirms this.

    A distressed seller sitting on poor quality dirt.

    So it would be right to ignore MPO's transaction metrics in the circumstances.

    I agree there should be a "write down" on transaction multiples if a transaction was to occur today however as time passes and the market gets tighter, one could argue the opposite.

    Remembering also all Coal Seams are NOT created equal.


 
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