Here comes the news?, page-54

Hi Matt747,

Come on, you were the one ridiculing at every possible turn the mere mention of $300-500m for 50% scenario that some were discussing, including equity researchers.

Now we see today that an investor has effectively paid $40m for 12% of the company, and therefore 12% of the Mbalam/Nabeba asset stake owned by the company.

How does this transaction reconcile with the $3.5Bn NPV?

How does this transaction reconcile with the recent scenarios you have been mocking at every turn?

Is that the best that could be done by SDL with all of the competitive tension you speak of?

What happened to Standard Bank providing a facility so that no further dilution was necessary?

What happened to an asset level equity partner footing the working capital bill as part of a deal?

At some point all of these posts of yours were going to be held up against the reality of what the company does. That's fair isn't it, to assess your predictions and mocking of others to see whether you really have any clue about what's going on?

You seem to like going through the posts of others with a fine tooth comb but then don't like your previous posts being assessed to see how accurate they are.