You buy an asset but it's dependent on an IER? Why wasn't it a simple case of here is the asset, prepare and submit your bids. Highest bid wins?
And while we are biased the value spat out by the valuation seems nowhere near logical. Surely if the receivers offered the company for $173m there would be a line to pay way, way more?
If there are complications then finalise these before putting the asset for sale and get the maximum price?
A40 Price at posting:
8.2¢ Sentiment: None Disclosure: Held
