emai lto warwick on renewal, page-18

hi trees and all,

have been researching into this coy, but with my knowledge, RMI has a mrk cap of ~8million and has a cash backing of 2.6million.

from the independent report -
"Wowo Gap Project has been assigned a current value within the range:-AUD$150M to AUD$600M and having a preferred value of AUD$168M"

at a rough est of 10% of that 168M = 16.8. sp could be at least 2X of what it is now, BUT why is it at 0.5c???

my question: is the sp at this low level due to the uncertainty in the lease? or could u help enlighten me and spark some healthy discussion about this coy.

thanks in advance guys.