Ann: Market update presentation, page-116

this is part of my research.

i noted previously the mining company previously had a significantly large value, now it’s only valued in at 16 million with significant liabilities of leases and current/future. They are purchasing a distressed asset with debt.

I note that the previous FY reports and the expectations outlined do not seem to have been met for the mining sector.

My research points to the director resigning from PPK to run mining will quickly offer to purchase all the shares.

I am trying to piece together if there was something at play here…..
was the initial price that PPK tried to sell the mining business for, too High and this turned away buyers.
Would they have considered it at the market value PPK has listed in the demerger notice. where did this value come from ?
how come it has not performed as promised and the director in charge has been allowed to become the director in the new company.

so many questions about this, purely from the speculative point of view