Well let's see what the Market brokers describe the 23 cents...

Well let's see what the Market brokers describe the 23 cents proposed price as:

1. Canacord Date 26 June 2022
"The bid looks opportunistic, in our view". Target price $0.34 cents.

2. Morgans Date 26 June 2022
"We think the 23cps offer from Skip looks very opportunistic in that context. Kidston
Hydro’s revenues following construction will be well defined and consistent due to the
long term offtake agreement with EnergyAustralia. Both the Kidston Solar farm and BBP
have downside protection for their revenue streams as well. We think 23cps materially
undervalues the company which we expect will rerate toward our 31 cents price target".

But you know don't take my word listen to Skip and Stonepeak if you like.