Ann: McArthur Oil & Gas Demerger Update, page-9

the sum of the parts can't be worth more than it is today. if it was, if there was a chance of it going up 50% on demerger then we (and all the big players) would all be crazy not to be buying it now as demerger is only a month or so away.
it is taking part of AJQ that is 57% -60% of the current total value, giving 33% to holders and zeroing the debt with the 27%.