Even with today's price rise, PTR still only has a market cap in the region of $45mill. Yet the company has $13mill+ in cash, and non-dilutive funding of $63mill (assuming technical milestones are met).
So the cash and cash equivalent backing of PTR is now basically $76mill. This means that the market is currently giving PTR a negative enterprise value. I.e., the current wells, technology, Spanish pipeline, and management expertise are currently being valued by the market at minus $30mill.
With an enterprise value of minus $30mill, you would have to say that every conceivable technical risk is more than priced into the stock!
But the key here is that funding risk is now virtually non-existent. With the $63mill grant now locked, in, and with the expertise and partner funding from Beach and Tru-Energy, PTR will have no problem funding the 30MW commercial scale plant.
I think once a few analyst crunch the numbers on this one, the SP will double very quickly. There is no way this stock should be trading below the value of its cash + grant money.
Longer term (3-5 years), if PTR can prove its technology at a commercial scale (i.e., prove to be a carbon-free, base-load power source at a price comparable with coal under and ETS), we are easily looking at a $bill+ company.
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $4.073M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.8¢ | $3.332K | 179.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 436886 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 20070 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 436886 | 0.018 |
1 | 62500 | 0.016 |
1 | 400000 | 0.015 |
1 | 35714 | 0.014 |
1 | 39230 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 20070 | 1 |
0.025 | 40038 | 1 |
0.028 | 50000 | 1 |
0.029 | 295114 | 2 |
0.030 | 150000 | 1 |
Last trade - 12.26pm 30/07/2024 (20 minute delay) ? |
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