Currently US $300million @ 0.8684 (26/1/2014)
is worth AU $345.463million.
The mind boggles if management can repeat the same business model over the next 2 years ie, double the company value in the permian, and the exchange rate is at 0.70.
Shareholders(Australian) would be looking at $3 plus per share.
Then we hope James is ready to retire and hand the company off.
(I still would like to see a takeover now, as retail shareholders are being played with by the institutions currently)
Cheers IFINO
Currently US $300million @ 0.8684 (26/1/2014)is worth AU...
Add to My Watchlist
What is My Watchlist?