My analysis of it is that Minyango is going to require capex of...

My analysis of it is that Minyango is going to require capex of $400m as per recent AGM presentation.

So the $1bn 'transaction value' includes the value of the equity + the proposeded capex which means the equity will be taken out at 'as high' as $600m

i.e. $3 per share which equates to about £1.80 per share compared with current price in London of £0.60 per share

I'm looking for £1.20-1.50 which equates to about $2.40-3.00 in AUD share price terms