Still VERY undervalued here. Let me explain my rationale:
75% of Shala Plc transfer to PSPW has now been completed. 80% of the new Albania Shpk (40 Shala & 40 Falak as we see in the actual Shpk documentation) times the 75% ownership of Shala Plc = 60% ownership of the new project vehicle to PSPW as confirmed in this Q.
I would say that based ONLY on project investment value as a BARE MINIMUM VALUATION, we should have a current share price of at least $.49.
As stated in the newsletter, $246 mil (210 Euro) total invenstment needed for both projects. Let's calculate on FULLY DILUTED shares for the sake of being conservative (even though the 274 mil outstanding shares hasn't changed in months). So 246 / 300 (authorized shares) = .82. Take that times .6 for the percentage that PSPW owns, and we still end up with a current share price of $.49 based on the clear information that's been confirmed.
This is still a PRE-REVENUE VALUATION, meaning what I would CURRENTLY expect our share price to trade at. Even though we have the estimated $20 mil (17 Euro) revenue for ONE project, and another similar sized approved project to estimate from, I do not believe it to be accurate to try to calculate potential EPS and add in a "multiple" to get a share price valuation when we have no idea of the potential bottom line and we have so many variables up in the air. Doing that could result in a wild range of share price valuations that really doesn't help us or potential investors accurately see the value here.
Thoughts anyone?
