aim ipo progress, page-4

well if their intl business is ipo'ed at a value of in excess of gbp100 mill and they retain 60% as they have previously said then that equates to a$90 mill.they have also said they'd retain a$31 mill in cash...that makes a$124 of value in those 2 assets alone against a current market cap in total of a$138 mill...that means you get the rest for A$14 mill...they paid A$158 mill for that just 15 months ago in feb 2011.maybe not free but thats a cheap option will very little downside and plenty of upside.awaiting final details of the ipo in the next few days.