GREY:PGDIF - Post by User
Post by
angryolmanon Feb 16, 2018 9:31am
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Post# 27571025
Not so stupid
Not so stupidWould it be irrationally exuberant to say that the share price is 58% more ridiculous than it was? Here's some math: Previous NPV $471 mil times 1.58 divide by 2 assuming a 50/50 JV divide by yesterday's market cap of $64 mil gives you a multiplier of 5.81. Multiply this by yesterday's closing price of $0.145. I get 90 cents but I'm cheating. I added 3 cents for the other 74 pipes. Makes buy-and-hold look a lot less stupid.