RE: Interesting relation21 Dec 2017 08:38
Thank you Wonderer,
So getting my head around this one.
Using Cove energy valuation@
£500M/TCF @ 2.4TCF = £1,200M
396M shares in issue
Resulting SP: £3.03
That is very similar to what Ducatti wrote our CEO JJ Traynor suggested as SP, the £3.60.
How do you get to £60 million MCap? Don't get me wrong it is still a nice increase from here but compared to the Cove Energy valuation peanuts at 1/20th.
Thanks for your clarification
GLA
MS