MRE
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0.00% 87.0¢ minara resources limited

Dear AllLet us say Glencore were now floating off their interest...

  1. Eos
    394 Posts.
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    30/09/11
    08:55
    Post #: 9031380
    Dear All

    Let us say Glencore were now floating off their interest in MRE rather than buying the minorities.

    And let's assume that Glencore wanted $3 a share.

    I wonder if KPMG would have come have come up with the same figure of 70 to 97 cents a share.

    And this is why the valuation process is deeply flawed and requires change.

    Cheers EOS

    MRE Price at posting: 87.0¢ Sentiment: Buy Disclosure: Held
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