If the receivers are called in than the assets will be sold at a...

If the receivers are called in than the assets will be sold at a discount. They revlaued them and taken 15% off. I recon in a fire sale situation there will be at least another 15% off i.e. another EUR 104 million w/o ( = AUD173m)

i.e. now we are left with (255m - 173m) / 493 m = 16.6 cents per share.

Bottom line i'm not sure where this is all going to go. Personally I've put $50,000 into REU when they were at 60c as back then I though they were a good buy. I've sold out yesterday at 8c. I'm just kicking myself for being so stupid when I bought in at 60c