Monday, October 17, 2016 12:01:10 PM
CNE.TO - officially off to new 52 week highs.
Has busted past July closing high of 4.61 as of this morning. Operational, fundamental and technicals all supporting upwards trend. Hope everyone bought, I am like the only one posting here these days!
See slide 17 of current corporate presentation that shows a 60% EV upside based on a pre-tax NPV10% valuation of $US 1165M and slide 16 which shows how Canacol's leverage is decreasing dramatically over the next few years.
Once again though, a pre-tax valuation for CNE.TO doesn't make sense as Marginal tax rate in Colombia is 39%-43% (if I recall it is 39% now and increasing to 43% but about a year since I looked at this). See my older valuation post below pic for a reminder
Ultimate pre-tax NPV10% valuation will be higher than $USD 1165 anyways as Canacol drills out its resources so market may ignore this for now.
Takeaway is I'm not sure where Canacol is going for 2016 but there should be a tradable high in next couple months if past price action continues!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115409558
Has busted past July closing high of 4.61 as of this morning. Operational, fundamental and technicals all supporting upwards trend. Hope everyone bought, I am like the only one posting here these days!
See slide 17 of current corporate presentation that shows a 60% EV upside based on a pre-tax NPV10% valuation of $US 1165M and slide 16 which shows how Canacol's leverage is decreasing dramatically over the next few years.
Once again though, a pre-tax valuation for CNE.TO doesn't make sense as Marginal tax rate in Colombia is 39%-43% (if I recall it is 39% now and increasing to 43% but about a year since I looked at this). See my older valuation post below pic for a reminder
Ultimate pre-tax NPV10% valuation will be higher than $USD 1165 anyways as Canacol drills out its resources so market may ignore this for now.
Takeaway is I'm not sure where Canacol is going for 2016 but there should be a tradable high in next couple months if past price action continues!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115409558
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