Very hard for an industry outsider to put a value on this business. On a price/sales ratio AAX looks undervalued at 40c. Duro Felguera who know this industry well recently invested $10.7M at 60c. That is more of an indication what industry insiders are prepared to pay.
But don't worry - Ausenco has appointed an "independent" expert . . .
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Ann: Ausenco and RCF enter into Scheme Implementation Agreement-AAX.AX, page-19
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