Will be interesting to see if we actually re rate when the price of oil recovers. How in the world is this company valued at 4 million AUD.
If this market had any sense we should be valued at least 3-4 times that - and that would still be ultra conservative.
2.2 million in bank, 7 mill pa revenue, no debt, low admin cost, tight register (50% held by directors), proven reserves, upcoming gas play.
Crazzzzzy
Will be interesting to see if we actually re rate when the price...
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