PFC down to 92 cents
user fattail from stockhouse posts this
To me this seems like a no brainer!
Let me see if I have this right:
After PP we will have ~80M shares o/s @$1 for a $80M mkt cap
This gets us 35% of $230M in capex or ~$80M
So we basically get for free
1) 35% of the sunk costs or $37M
2) 100% financing
3) 100% of 2012 & 2013 earnings
4) 75% of 2014 & 2015 earnings
5) 50% of 2016 earnings
6) 35% on earnings thereafter on this tiny prospective recoverable oil resource of 27.5 billion barrels
Amazing!
petrofrontier corp. announces farm-in agreemen, page-9
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Last
3.0¢ |
Change
-0.003(9.09%) |
Mkt cap ! $17.44M | |||
| Open | High | Low | Value | Volume |
| 3.3¢ | 3.3¢ | 3.0¢ | $29.05K | 951.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 2.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 525768 | 2 |
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| Last trade - 15.47pm 01/10/2024 (20 minute delay) ? |
| CND (ASX) Chart |