FAR 0.00% 49.5¢ far limited

farmin with cairn in senegal, page-56

  1. 3,624 Posts.
    lightbulb Created with Sketch. 305
    that's certainly interesting maths...

    1. Senegal valued at $100m , pre drill
    2. cash in bank ~ $29m + $9.8m = $38.8M
    3. farms outs Kenya soon ... must be worth something
    4. no debt, contingent liabilities or onerous financial commitments

    against a market cap of $100m ...

    call me silly if you like but I think a rerate might be deserved ...

 
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