Ann: Kairos & Dargues drilling delivers high grade results, page-13

The problem I see is that if you value Dargues at its purchase price of $200 million, (I don't really want to write off $200 million so quickly) the rest of the company is now worth $213 million. The number of shares is now 1.2 billion which makes them worth 17 cents each (without the $200 million of Dargues) when as I've previously stated they started in the 60s just months prior to Dargues, and our profit would have been much greater without it too. Even at 43c to buy in, we sold almost a half share in our most valuable assets (our existing mills, Federation, Kairos, Great Cobar) for a song. All these assets pre-existed Dargues and were obviously going to be/were being developed regardless of who was in charge. The business has changed!!!
I would like Dargues to prove me wrong but so far I'd say if they went back and renegotiated a sale and purchase agreement $200 million would seem like outer space. We might even have bought it for our cash at hand with existing shares not being so seriously diluted.