I did think about this too...Nothing negative in the question at...

I did think about this too...Nothing negative in the question at all....it is a good one....

I am not sure if this is right...so happily stand to be corrected....

1. Possibly the board and directors making clear where they see the value?
2. Ability for the local, small investor to trade on the ASX? Probably hard?
3. Attractive enough to be successful, but not out of reach of the small Tanzanian investor? (certainly like SWE's own IPO)
4. Eyasi included?
5. Seismic results to-date.
6. Anticipation of ongoing potential (K-K/Pagani)
7. SWE undervalued....and waiting for upturn in SWE's price before moving ahead?, But ready to go none-the-less.

How does it work exactly...

Opt A? Do we work out our percentage of SOGTL MC(~60% after IPO)
Then apply 60% of SOGTL MC to SWE's valuation, then add in Kenya?

or:

Opt B?
SOGTL value for IPO set at ??(TBC, still to be set)
Direct correlation of value of Tanzania assets, to SWE?
Valuing the Tanzanian assets at xx, then add in Kenya and other bits of knowledge/potential.
(am I double dipping here???)


Using Opt A: If we do, then fair value would be 20 cents, plus Kenya....(we know more now, so say 5-8 cents?)

So, SWE should still be in the region of 25-28 cents,
....now with no speculative value added, nor Zambia potential, nor signals on prospectivity on the completed Seismic to date.

Either way, it does highlight how seriously SWE is undervalued....I certainly get the feeling that the ducks are being lined up....as we all know, timing is everything in this game. One thing depends on anther, which depends on another (any share).

But perhaps someone else can elaborate please.