I am trying to understand the r/ship of CUE in this Artemis potential. As far as i know, MEO hold 70%, CUE 15% and Gascorp(unlisted) 15%.
so after farm-in of Artemis, MEO will hold 20%, CUE 15%, Gascorp 15% and new partner 50%.
According to Ya's theory on MEO thread, MEO unrisked value for 20% of Artemis will be $831.2mil which is about $2.00 per MEO shares.
doesnt that make CUE value is about 0.98c per CUE?
MEO sp 54.5c -> 54.5/200 = 27.25%
CUE sp 24c -> 24/98 = 24.49%
so that make CUE sp is only abt 3% lagging behind in term of Artemis value?
pls feel free to correct and comment as I am thinking about havin a position in CUE.
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