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252 Posts.
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26/04/13
21:42
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EMC2/Acreage,
thanks for your great posts. The shares on the registry are building to unsustainable levels, no doubt about that!
What about going by Sinochems farmin to Pioneer of 82800 acres at $1.7bill, valuing the acreage at $20500/acre.
So working on those numbers, our acreage of 5500(if retained)
is $112.75mill, which is of course reliant on CDP and management delivering.
SP on potential assets alone $112.75Mill/3800Mill = $0.029
Double the shares on the registry and SP = $0.015 approx.
Like any share price, down to sentiment and whether management can and/or be trusted to deliver.
I wait to be shot down...
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