interesting valuation, page-46

I posted the comment below regarding Resolution 3 when it was announced earlier this month:


"As far as I can work out (using today's share price of 0.026) FSE will increase it balance sheet assets by 10.34% by acquiring a bigger holding in the T3 properties (Swanepoel and Duikerfontein) but the dilution to our holding will only be 7.7%. We're getting a good deal for the long term."

Could be the reason the share price is being held down by strategic selling is to maintain the appearance for current FSE share holders that this deal is a good one. I mean, if the SP was allowed to rise to its natural value (4.6cents IMO) then we ought to be offering a lot less than 200million shares for 60% of T3 properties........

Your thoughts??????