RE: Trading platform for unlisted GDRs11 Oct 2023 13:08
Been doing some sums based on Stocko numbers which should still be relevant up to delisting date, but will not have been updated.
Book value $85m
Book value PS $0.714 (or about 57p)
Wouldn't be unreasonable to expect a divi of 3 to 4% of current book value eventually so about 2p/share. Of course if they grow to become a major shale producer you'd expect to have to wait longer for it, but could be a lot more when it does arrive. Keep fingers crossed...