so the question is snaggers, how do you value the 'potential' of...

so the question is snaggers, how do you value the 'potential' of cockatoo and therefore extract a reasonable price?

$20m seems to be the starting bid.

At $0.065 per share or approx $17m market cap for 100% of PLV which owns 50% of Cockatoo and 100% of irvine, the $20m seems to be a tall order.

I agree that i have been watching volume and comparing this to the total shares on issue, as well as the total 'available for sale' (which i deem all the shares out in the market less the top 5 holders, or about 98m shares) over the last two days. it works out to be about 148.5m available shares to be freely traded on the 247m totally issued.

It seems that we are turning over about 2.2% per day, which isnt too bad given the large time in suspension.

I cant beleive it, but once again we are waiting for the NEXT announcement for direction of PLV!