Apparently the ship has 2m barrels of oil on board. At current market price, this makes the cargo alone worth around US$110m.
So, here's the plan. We get some guns, go to Somalia, fight it out with the pirates, take the ship by force and sail it back to Botany Bay. We then hook up some garden hose and sell the oil to the local refineries.
If we get, say, US$100m (after expenses) (A$170ish) we buy all of CNP (A$50m) and the remainder of CER that CNP doesn't own (A$80m). That leaves A$40m, which we could split evenly between us.
We either give the ship back to the Saudis as a goodwill gesture OR convert it into a new concept shopping centre - "Centro Afloat"
Who's in?
CNP Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held