RE: So in the last 5 years12 Jun 2023 16:44
CFD ‘Let me ask you please what do you think is a fair mcap based on the operational assets?’
A perfectly fair question and one every investor should be asking themselves
However, as has been the case recently, we have no upto date cost information - although Sandy has eloquently argued in the past, iirc, it’s probably around $850k to $1k per month for Baita plus not trivial topco costs.
We then have no revenue figures to speak of - the details of the offtake deal with a Mercuria are still unknown
So, to sum up, who knows!
The last accounts, now way out of date, ascribe no value to any other asset apart from Baita and if you use the figure that the ‘independent’ board members used around two years ago when AP was forced to offload APMGs 20% hols over Romanian assets it equated to around $24M (I stand to be corrected on that, as it is from memory)
So if I had to pick a figure it would be that - but that too is now historical - all the $100m figures that are quoted via twitter are cowslop, with nothing to support them