Ann: Raya Acquires Xped Holdings Ltd, page-15

I'm trying to not get too excited Fib but I think Otsana have plucked a beauty here and well beyond my expectations.

If we assume a post-trans EV of ~$24M, I do feel like a higher value could be justified, based on some of the other values we've seen for projects in this space.

Once the stags and stale holders are out and the market has a chance to absorb the news, it will be interesting to see what value RYG trades at.