353m for HZNs Beibu share - yeah right . That would put ROC value of Beibu at 256 m for ROC making beibu and half it's cash equal to its market cap .
I think HZN 2 p reserves for Beibu would be around 6m barrels . So I would say 180m would be a reasonable price.
If Roc were bullish about Beibu then maybe they would pay 40 per 2p boe to reflect the resources soon to be converted but I can't see them paying more than their market cap for a 1.25 times more of an asset they already own
If they do pick up Beibu - that should take prediction to circa 16000 bopd
Wouldn't be adverse to them buying Maari as well but wouldn't want to see more than 12 dollars per barrel - but I doubt roc would want it
Feel a lot more comfortable that Roc doesn't seem to be launching a hostile bid for HZN - acquiring Beibu would be perfect.
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Last
8.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.65M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 60186 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.3¢ | 150000 | 1 |
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| Last trade - 16.12pm 19/06/2025 (20 minute delay) ? |
| ROC (ASX) Chart |
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