The annual report seems to have gone down like a lead balloon. Maybe its release now is a sign that no farm-ins are happening any time soon. Fears about Italy's debt - and place in the eurozone - probably aren't helping.
I still think Sillaro alone is worth more than the current enterprise value. And surely the rest of the reserves have some value. It might take some time to convince the market of this, however.
The annual report seems to have gone down like a lead balloon....
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