Hi PubLunchMan,My view on Seven and Engin - there are 3...

Hi PubLunchMan,

My view on Seven and Engin - there are 3 scenarios:

1. Stays as is
2. Seven buy out remaining 42% to own the lot
3. Seven sells / finds buyer

In scenario 2 - there's an Independent Experts Report that will need to declare that a particular price is fair for them to get to the 90%.

Scenario 3 - there's no way they'll give it away.

Seven wrote down their investment in ENG by $18m. I understand they own 58% having paid approx $34m. This leaves $16m on the books for their 58% - inferring a market cap of $27m? Today the market cap is $14m.... BINGO! 2 Bagger!!

Cicatriss