"they go into administration tomorrow and sell the oil fields for a fire sale price of $700M, minus their debt of $330M, leaves $370M"
Hang on. Let me get this straight. You are saying if the company goes belly up it will be worth $700M? Even though you are tacitly acknowledging the Chinese deal would fall over which means no additional drilling and no remedial work occuring on the two exisitng production wells. But you still reckon they would get $700m???
Thats interesting. Based on Fridays close the market values this company at just over $330M. Right now its solvent and listed on the ASX but if we believe what you are telling us it would be worth more than double that figure if it goes broke!!!
According to your tortured logic AED shareholders would be financially better off if the company goes bust!!!
I'll let the reader draw their own conclusions regarding your post.
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