Carcetti Capital Corp V.CART.H

Could be a multi bagger regardless

[nozzpack]

A quick review of this  gas producer in Ukraine shows potential gains going forward could produce a multi bagger.

You have of course to deal with the consequence of another Russian incursion which I view as politically and militarily of very low probability.

If it does, we lose the  $2.5 million US per year dividend from our 35 % ownership of the  Burisma and its eastern Ukraine gas producing assets.

Force majeurre is declared on that asset, for future considerations or reimbursement by the US.

But, we will still have our Western Ukraine 100 % owned power productionand gas producing assets, which will receive full development focus which in my view would be double or more current value.

Based on Q3/21 financials, assuming force majeurre, and removing the $615,000 Burisma dividend, KUB would still have earned about $750,000 US or about $3.7 million per year in $ CAD.

Its annual revenues would still be $12 m US or about $16 millin in CAD

Its cash position at exit Q3 was $5.4million US plus the $900,000 US recently received from the sale of one of its Western tenements.

Thats about $7.5 m in CAD or better than 2 cents per share.

If, of course, the sale of its 35 % Burisma asset goes through, cash levels would increase to about $10.5 million CAD or about  3 cents per share.

In the interim, substantial increases in gas prices will see KUB perhaps receive $1 million US as its Q4 dividend from Burisma.

Similar dividend returns for Q1/22 in the event that the deal has not closed by Exit March 2022.

Regradless, KUB now will have the resources to fully develop its considerable western Ukraine assets.

Putting all of this together, regardless of the threat of another eastern Ukraine incursion by Russia, KUB has a very bright future baaed solely on its proiducing Western Ukraine Asset base.

I see above $0.12 cents per share at exit 2022 based on current producing assets level..