Originally Posted by
mistaTea
Interesting to note the CUE Market Cap is currently sitting at AU$74M (NZ$77M).
So 50% of 77 = NZ$38.5M. Plus, say, NZ$85M of cold hard cash attributable to NZOG.
Already, that brings us to a total of NZ$123.5M (about 75c/share). We haven't even sold our 4% in Kupe yet, nor factored in any value of Ironbark yet we are already easily above the $102M implied business value that OGOG have offered.
This booklet and independent valuation we are about to receive soon is going to need to be pretty damned slick indeed - no matter which way I look at it, I just can't seem to get it through my thick skull.