Takeover, page-21

NTgeo, this is meaningful, thanks. However If I've understood you right, your scenario above indicates around a 29c per share earnings? It just doesn't compute that the shares are trading at 21.5c each - all time (since mine) lows?

Also your sentiment is sell, same as most on the market, when shares may earn 29 cents each, why?

I also dont quite understand what Mathieson means by turning debt into equity. Does it equate to a further issue (and hence dilution) of shares?

Thanks