recovery, page-6

So what would TCQ be worth in a takeover ?


"The cumulative impact of these settlements is estimated to be accretive to the 31 December 2010 NTA per security of 18.3 cents by approximately 7.3 cents"

REF: 3/04/2011 3:45PM O`Rorke and Project Partner Matters Settle


PLUS this

"As previously announced to the market, the NTA range is prepared in accordance with Australian accounting standards and includes the face value of all liabilities, including limited recourse loans. Trinity notes that an Australian property asset is financed by limited recourse debt and, while it is not the Board?s current intention to sell that asset, the sale of the asset for current book value would be accretive to the Group?s NTA by an estimated 7.8 cents per security"

REF: 08/02/2011 10:43AM Results Guidance for the 31 December 2010 Half Year


Is TCQ worth on paper 25.6c + 7.8c = 33.4c ??

Suppose we will find out one day