It is a free country and they can value the company at what ever price they like.
They are accountable to their clients and themselves. If they are right they will have deserved all their juicy fees and any short gains.
If they are wrong they will be doing there clients a dis-service and hopefully get singed with the shorts.
I recall they valued Mt C at $101m last time so a drop of $14m is being generous considering no shipments for best part of 5 months and the CRNV problems.
Cash is out but they did that last time.
SDV? They need to sell a minority stake to give it a book value.
The corporate drags it down but thats all the liabilities / restitution i would think.
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