PES pepper residential securities trust no. 21

RE PES announcement today of increase in PES Reserves.PES now...

  1. jake0002
    6,942 Posts.
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    22/01/09
    14:16
    Post #: 4718081
    RE PES announcement today of increase in PES Reserves.

    PES now has:
    2P - 394 PJ
    3P - 2,472 PJ
    Contingent - 5,797 PJ

    This does not take into a/c the resources in ATP 758P.

    If we just take 3P certified reserves of 2472 x 60c per gj divided by 124m Ord shares that values PES Ords at $11.96 !!

    If we use 50c each PES is worth $9.96 !!
    If we use just 40c each PES is worth $7.97 !!

    So at an offer of $5.40 odd, Arrow is getting a bargain !!

    cheers
    PES Price at posting: $5.25 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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