Thanks Kojasper - would appreciate any further info on 330.As...

Thanks Kojasper - would appreciate any further info on 330.

As posted before I have my own DCF valuations on 330 and 430. Yes it balances back to the company's valuation on 330 of AUD63M (USD90 POO as per investor presentation last August)
Interestingly though slamming a USD35 POO into the model we only get a valuation of around AUD5c/share.

Anyway that's the worst case(full blown depression).
I am still holding - why ?
- beacause POO will climb from these levels
- because 330 is more prolific than previous assumptions (per valuations)
- because update on 430 is due (by all accounts very very positive)
- because 138 looks promising
- because even their gas prospects (if they are able to get the JV together) could be a belter.
- and because for every cent the sp goes up my oppies go up 2 cents.


Spozzie