R15, I took your snooze advice but have been looking at all the quarterlies for a sanity check and forward planning. Below is not advice as this is a hobby and also Valuations are always a bit arbitrary. Still can't fathom this at .009 but it is what it is.
Some ways I have looked at it and the numbers change all the time:
Most interesting is to compare actual results with peers, they are all at different stages so only a guide but on this basis imo there appears to be a disconnect to the numbers which can be partly explained by sentiment and also overall market. Hope your all travelling ok.
- Production at $90k per barrel plus cash: Gives 204 boed x $90k = $18.4m + cash $1.8m = $20.2m = 2.7c
- Net assets - December were $18.1m, we have had no dusters and added some exploration/development costs so imo June number will be around $19.5m which is 2.7c
- Valuation of reported reserves for existing projects. (See quarterly for table) using these numbers and Oil Price US$106.70, Gas $3.80/mcf gives with 5 year life gets around 2.4c for existing and Louise around 0.8c or around 3.3c if Louise is successful. If we divide by pie r squared we get current level of around 1cent My workings for this are below but please double check.
Cheers and all opinion only
- Forums
- ASX - By Stock
- GGE
- Stand Bye
Stand Bye, page-3
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GGE (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.380M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 24418675 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 28144 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 27599472 | 0.004 |
11 | 4475392 | 0.003 |
11 | 11600000 | 0.002 |
8 | 42550054 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1150528 | 3 |
0.006 | 5120000 | 2 |
0.007 | 1285351 | 3 |
0.008 | 5480000 | 10 |
0.009 | 400000 | 1 |
Last trade - 10.04am 25/11/2024 (20 minute delay) ? |
Featured News
GGE (ASX) Chart |
Day chart unavailable
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online