Sorry for my tardy response. The reason i think less than the...

Sorry for my tardy response. The reason i think less than the NTA is i'm just not sure how desirable the assets are or how well they have been managed. Its a nasty business, bit on the nose as well currently, and i'm not sure if Drefus et al are really going to pay a 50%+ premium from the 38 - 40c level where it was prior to the announcement. Don't get me wrong its on the market for sure and has 2/3 years of decent water locked in. Its also a better oiled company than previously but i would be surprised but V happy at 65c!