GREY:ZARFF - Post by User
Comment by
funfacts2018on Dec 20, 2018 2:55pm
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Post# 29142377
RE:RE:PSH's North Dakota deal at US$100K/boepd and ZAR's ND assets
RE:RE:PSH's North Dakota deal at US$100K/boepd and ZAR's ND assetsstockfly
I have to guess that you calculated this incorrectly:
"
So ZAR can receive at least US$50,000 per boepd for its low-decline oily assets in North Dakota in 2019.
This means CAD$65,000 per boepd or CAD$26 million.
This sale alone in 2019 will push ZAR's stock significantly higher than 10 cents"
By my math, after accounting for additional shares issued in the debenture conversion the impact works out to:
$26,000,000 divided by 459,878,324 shares or $0.0565 per share. Give or take a couple of tenths of a cent, that purely hypothetical sale woukd barely get the share price back to 10 cents (from 4 cents today). That isn't "significantly higher" and if you discount the price at all to reflect the reduction in future cash flow, probably doesn't get back to 10 cents. And that assumes the market is actually rational ...