@ 62 cents, metgasco has a EV of 114-17= 97 million
booked 2p reserves (pre kingfisher) = 264 pj
this indiciates a 2p/ev ratio for MEL of .37
peer ratios???
esg @ 91c - 1.79
rfe @ $1.19 - 1.74
bow @ $1.38 - 14.55
mpo @ $1.20 - 1.42
now, im not going to go into a discussion about the differences in these specific companies as im too lazy, but even once you factor in the advantages any of these companies possess on MEL, a .37 ratio still shows MEL to be significantly undevalued compared to peers (who are incidently, mostly significantly undervalued themselves!!)
with a very positive kingfisher result who knows what could happen??
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Mkt cap ! $7.237M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 11708141 | 0.4¢ |
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Price($) | Vol. | No. |
---|---|---|
0.5¢ | 2094532 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 11708141 | 0.004 |
7 | 14261686 | 0.003 |
5 | 16775010 | 0.002 |
3 | 46300000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2094532 | 3 |
0.006 | 5827540 | 10 |
0.007 | 2663797 | 4 |
0.008 | 1035051 | 2 |
0.009 | 80000 | 1 |
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