gee digger...I was expecting more from you...I thought NTA was about 15 cents......cheers
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gee digger...I was expecting more from you...I thought NTA was about 15 cents......cheers
Oi was water not oil. PPP blew most of the cash reserves on the 50% drilling of OI and Pateke.
So the 8 cents was from top of head and low to see what others thought.
PPP has 588 million shares on issue. With Pateke now going to give another 2.5 million there is probably 7 million left in TUI at the very top end. Actually from my poking at both investor presentations I have not got a better estimate.
So with PPP owning 15% of TUI that gives about 1 million to PPP for the rest of TUI life.
In NZ dollars that is about 140million. Half that for costs and we can settle on about 70 million.
70 million divided by shares on issue of 588 million gives 11.9 cents.
As for cash in the bank most of it is shot, or will be after PPP directors party up with the sell out of the company. After all they did a great job---did they no??
Note I do not stand by any of these figures just trying to get discussion going. Do not buy or sell on my thinking
Hi Digger, i think 3.5 cents per share was the value of the cash balance after all payment for oi and some tax right-off assocciated with that as well make PPP not to bad at 9 cents....nzo owns 15% of ppp so only have to buy 85% to get those Tui barrels....might even be some deductions from owners of Tin Can iv for the inability of the rig to do its job......interesting to see pateke oil will be used to up production rather than extend the life of Tui and i read somewhere that Tui south maybe a drill posibility which all still gives some value to PPP
Noggers are nodding.
[QUOTE=Balance;501583]Noggers are nodding.[/QUOTE}
Is that all you got to say. As soon as I saw you had a post I looked forward to a juicy bit of down ramping with humour ,and then all I get is Noggers are nodding.
What is PPP worth Balance? Show your knowledge and experience in these delicate matters.
[QUOTE=moosie_900;501758]It's not on this thread but NZO thread - banter between the redoubtable Digger and moi.
Anything NZO touches outside of its investments in Tui and Kupe (which are managed and substantially owned by Aussie miners AWE or Origin) has been wealth destructive.