This represents a great value purchase.
According to the IER report the low end of the valuation is $0.076. On a minority interest basis that equates to $0.060, which is in line with where the stock is trading at the moment.
Further to this, Zeta has an on market order at $0.05, therefore representing a floor price as long as the order stays open. From a trade point of view, the downside risk represents approximately 13.8% however the upside could yield anywhere from 33% to 105% according to the experts valuation.
As the company is now in play I personally think there is a high probability of success.
Think I will place my buy order tomorrow![]()
News: Pan Pacific Petroleum seeks offers for oil and gas projects, page-2
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