re: Ann: RAI - 31 December 2012 Interim Finan...
strauss,
"If they get Cadlao production from a pipe dream to reality then we are talking 10c+ as Sid pointed out 16% carried interest could still be 1600bls a day of oil"
I think that is a bit of an understatement.
1,600bopd is about ~$45M production revenue per year.
10c share price is a market cap of about ~$42M (including the second tranche to be issued to Albers).
Normal valuations of companies is my experience are 3-4 times of the annual revenue.
Also, RAI will very shortly have close to $10M cash after the dispute settlement and the second tranche issue to Albers.
RAI Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held