Following on from VOGC's post featuring the 100MMBO estimate:61276815, and the post: 62874423 with the updated 108MMbbl estimate:
{[(80/bo×0.86)-22.5/bo-15/bo-7.5/bo]×0.75×108MMbbl×0.675}/3,370,204,104=$0.69/share.Simplified… {[31.7$AUD/bo net]×108MMbbl×0.675}/3,370,204,104=$0.69/share.
If the output was either $0.08, $0.10, $0.20, $0.258/share then substituting the preceding values for $0.69/share and solving for “x” you get the following:
{[$x/bo net]×108MMbbl×0.675}/3,370,204,104=$0.08/share....
therefore,
$0.08/share à $3.7/bo$0.1/share à $4.62/bo
$0.2/share à $9.25/bo
$0.258/share à $11.93/bo
I disagree with the redditor by many orders of magnitude.
Regardless, the crux of the redditor's point is valid. The point is, that even at about $0.25/share, I agree that it is likely still about 3x undervalued and that share price indicates to me a price per barrel of only about $11.93/bo instead of ~$31/bo net.
- Forums
- ASX - By Stock
- MAY
- General discussion
General discussion, page-127
-
- There are more pages in this discussion • 723 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
|
|||||
Last
2.3¢ |
Change
0.001(4.55%) |
Mkt cap ! $77.51M |
Open | High | Low | Value | Volume |
2.2¢ | 2.3¢ | 2.2¢ | $27.32K | 1.239M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 3368511 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 928495 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8400 | 0.026 |
4 | 229267 | 0.023 |
13 | 3381511 | 0.022 |
14 | 1235442 | 0.021 |
13 | 2113336 | 0.020 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 1278495 | 5 |
0.024 | 2766497 | 10 |
0.025 | 2511709 | 12 |
0.026 | 2222240 | 5 |
0.027 | 1248590 | 3 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
Featured News
MAY (ASX) Chart |