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0.00% 0.2¢ site group international limited

Ann: Non-binding term sheet for sale of up to 51% of subsidiary, page-2

  1. SteveSage
    2,887 Posts.
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    23/08/21
    09:35
    Post #: 55488581
    hmmmm. US10m for 51% of Clark

    Given this is the Chairman, who will be doing the due diligence on the value of the asset?

    I guess the USD$3m over the next 6 mths will help from a cashflow perspective, but if Clark is only valued at ~USD20m, is there any upside in SIT beyond paying down debts?
    SIT Price at posting: 1.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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