Have never seen this share actually go up with low volume. It normally goes down 10% on 10 shares etc. But up on 3% on a million shares traded. Nice to see for a change
To give you an idea of possible future value. If there was a profit of 5 dollars a barrel. 20,000 Barrels a day * 365 days = 36.5m a year. If the cost of capital was 15% then the value of this amount of profit every year for 20 years would be 3,739m. Divide by 1.2 to bring to euro= 3,115m.. If PVR have a 20% share of this then that would be 623m. or 9.59 a share.
Exactly. If PVR cleared the loan tmo then they would have 1m in the bank plus whatever they are due back from the court case. They would then need to find the funds for their share of the SP drill or I suppose forfeit their share of that project. But as they have the funds to pay the drilling and keep going till summer time no need to loose out of SP..
Still have faith JREwing. Just wanted to put on paper the facts. Jimmy especially is quite negative in every post where possible re survival of the company. I personally can't see a problem. Plenty of money to keep operating.
But surely we will have sold a stake in it by then to Sequa
Just reviewed the last full set of accounts and the 6 month update. Spanish Point drill commitment is 16m euro. The admin and wages cash burn is only 2.2m a year. And some of this is not cash as it is share based payments. So 16m plus 2m = 18m. At the last update there was just over 18m in the bank. Also we have the court case legal fees etc to come back. So there is funds to play through until June when the loan is due. This is a 24m credit facility with 17m drawn down. So were good on funds till June and then surely they can extend such a small loan or get finance elsewhere based on the Barryroe asset.
Someone just picked up 125,000 shares. As you do.