AZZ 0.00% $7.50 antares energy limited

now for a valuation reminder

  1. 784 Posts.
    Currently 284 million shares, approx.
    Carried Cash $1.6 Million.
    Cash from sale Yellow rose /Blue Bonnett. $152Million
    Less buyback so far 15M shares cost $6 Million. (Will be around $10Million when buyback complete, also only 275M shares on register.)Using $10 Million cost for buyback.
    Balance now $ 143.6Million.
    Administration for this quarter approx $3.6 million including sale process fees.
    Balance now $140.0 Million.
    Now pay attention. OK. Have a cuppa and keep up.
    Add Petrohawk term assignment of 50% of 8938 acres valued at the per acre sale price of Yellow Rose/ Blue Bonnett of$8628 /acre . Is $ 38.5 Million.
    Balance now $178.5 Million.
    Take sip.
    Oyster Creek value at a very conservative guess $2 Million.
    Balance now 180.5Million.
    Another sip maybe two.
    Most likely no tax to be paid on sale of YR/BB.
    Big slurp.
    Balance prior to next aquisitions is. $180.5 Million.
    Number of shares now 284 Million.
    $180.5Million dividedby 284M shares is 63.5 cents per share.
    A most conservative valuation.

    Finish your cuppa. Thanks.
    Was that easier than reading brokers valuation?


 
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