AJL 10.0% 0.9¢ aj lucas group limited

Ann: AJ Lucas statement, page-8

  1. 525 Posts.
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    No way it will be sold without testing market for other suitors.
    The value is not $60 mln, but a multiple. It is not only quite profitable and low risk with long term contracts/clients. Also, with energy prices moving up, the market activities will increase.

    So, selling is an interesting option, but not now and not without due process.

    150-200$ million is more likely. Nice try though. And indeed, maybe it is an offer higher then $60. But only at 150-200$ it could be considered imho.
 
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