Thejonesboy, you will find that no employed fund manager provides $150m plus at a 110% premium of current prices and neither does a debt facility provide $170m in cash without interest payments. IMO, it is just fantasy.
If you think otherwise, well and good but a floating refinery real asset price based on 750m shares and $170m debt at a so called 20c price is manufactured IMO.
The market recognises this - look at the share price.
You cannot dispute the share price.
Wait for the resolutions to find out who really owns the refinery components IMO.
CVI Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held