WAL holds 9,664,949 + 7,600,000 equals 17,264,949 Shares in CLR @ $1.345 equals $23.221 Mil
53,033,255 div $23.221 Mil= $0.42 per Share.
41,767,317 div $23.221 Mil= $0.56. Per Share.
WAL also owns 50% of a winery refer Announcement dated 1 July 2011 Current valuation between $8 Mil previous valuation $17.5 Mil. That’s $4Mil divided by 41,767,317 is say $0.09.
Total say $0.50 and a gold mine focused on production.
CLR data room open.
We have no choice but to hold.
But Management need a size nine boot.
Please DYOR.
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