trading halt re guidance, page-14

Regarding Tgn01's comment of separation/float:

I'm sure many would welcome this if done at fair value.

What would fair value look like?


I would have though that Cuadrilla's and European Shale prospects net value is at least double the current AJL market cap.

I would have thought AJL's operations would be valued at less than half of the current market cap.

What to do with the debt / guarantee?

I am concerned that the balance sheet does not 'show' reasonable value for the shale related assets we all care about, and justification for the values used in a separation/float may be based on balance sheet rather than 'real' values.

An AIM listing would open up a significant UK investor base and should push up share price considerably as progress toward shale monetization is made.

I am sure that at least 90% of funds contributed at the recent CR were invested with a view of fantastic returns through European shale rather than local engineering operations.

I wonder what significant shareholders think and they will react.