Who say it is more?? If you have read my comments I have noted...

Who say it is more?? If you have read my comments I have noted it correctly:

Deal vs tgs drc assets (all operations):

+ cash 250 mn
+ royalties max. 20mn
+ 10 mn as liabilities
= 280 mn in total

With that money all debts (min. 208mn) should be paid down..

And other liabilities (20-30mn) ..

And in the end max. 30-42mn left as net cash.. whereas the shares will have much lower capitalisstion on the market because a "no return of investment" (non-operating tgs!)!