So we finally have disclosure that the Independent Expert is...

So we finally have disclosure that the Independent Expert is Grant Thornton Corporate Finance Pty Ltd. Goodness knows why it’s been a secret until today. Interestingly the same Firm who were the Independent Expert for the Pacific Energy SoA, and who used ZEN as a benchmark for valuing PEA. I await with interest the release of the Scheme Booklet so the valuation report can be examined in detail and crucially compared with the PEA valuation report. Here’s the link to the PEA Scheme Booklet if anyone is looking for it as a reference point: http://www.pacificenergy.com.au/images/ASX-Announcement-Registration.pdf

We also have the Dan and Mrs Dan valuation as a guide.

Once we have some more detailed disclosure through the Scheme Booklet and Dan’s comments thereon, it would be good to understand WestOz’s stance. Still have a question in my mind whether they’re happy to support Management, record a good short term gain on the recent share purchases and be cashed up for the next project or whether their public statements on the SoA consideration short comings were genuine and will be followed through with a no vote.