Post transaction MC of AUD230M @ 0$.38. NPV 8% is ~ AUD2B So currently trading @ 0.115 of NPV. $10M cash
I assume this is now a much juicer TO target offering suitors 100% of M. Anyone's guess what a fair TO price might be 0.4-0.5 of NPV?
AUD1.32- AUD1.65 per share?
Reckon this is pretty good buying at these levels for a one to two year hold