Ann: ACQUISITION OF HAWKLEY OIL AND GAS LIMITED , page-26

re: Ann: ACQUISITION OF HAWKLEY OIL AND GAS L... The way I see it, IF the acquisition goes ahead, given the consolidation of 1 Hawkley share for every 26.67 ICV, and Hawkley shares floating at 20c per share, ICV shares trading at 0.75c would equate to the issue price of Hawkley shares. If ICV shares trade more or less than this, that would reflect a higher/lower price than the Hawkley issue price.

This also means that if you thought that 20c for Hawkley was overvalued, then 0.75c for ICV is overvalued as well.

This of course doesn't take into account any value that Sarantis may have.