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+--- Thread: Cash per share payments (/showthread.php?tid=5565)
Cash per share payments - jft310 - 12-14-2013
One needs to make some assumptions
assume share count stays flat at 50 million shares
with payments of $4.1 billion within 2 years that's $82 a share in cash per share not discounted
this assumes we recertify at 9.8 T's the GLJ , Knowledge Reservoir and close to an adjusted GCA estimate for Antelope
now we must deal with the IPI . Assume we give them shares say the share count rises to 60 million shares
we still get the $4.1 dollars
so we get $68 per share in cash in 2 years and the current stock price is $54
further understand we still keep 30 percent of e/a assets
plus have a 30 percent interest in an LNG plant
plus we will own 40 percent of the rest of the finds
so $54 a share is a joke
expect this to change soon
RE: Cash per share payments - admin - 12-14-2013
Funny enough, you're almost exactly reproducing my calc from the SA article (which started with the $4.1B added value for the remaining 30% and then added 10M shares for IPIs), but that might have been lost in the rather colossal number that Bonk did in the comment sector (on so many levels that it is only now fully dawning to me).
Nota bene, not all of the $4.1B is being paid at certification, supposedly in 2015, but $3.2 is (indeed, $613M comes pretty soon, upon signing, supposing that will happen
)
RE: Cash per share payments - jft310 - 12-14-2013
agreed STP
RE: Cash per share payments - Putncalls - 12-14-2013
Wyt only 40% of new finds outside of PRL 15? I Thought it would be 55%. Doesn't the govwernment have to pay for past drilling in order to get their share?
RE: Cash per share payments - Putncalls - 12-14-2013
Sorry about my typos? wyt is why BTW.
RE: Cash per share payments - jft310 - 12-14-2013
That farm out agreement has not been released . The 40 percent number came from the roadshow