Based on KPMG's report, the relisting "should" see Holdco open...

Based on KPMG's report, the relisting "should" see Holdco open at between US$18 And $US$67 (which equates to AUD $0.25 to $0.94)...

Will this just be like Morgan's far fetched valuation or will we finally be rewarded. I'll take the median multiple open at US$33 or AUD $0.46.

I know the table below may be data mining (as posters on here have pointed out), but KPMG as "Indepedent Experts" have determined that in their view, the Nasdaq Listing would command an Enterprise Value/ EBITDAX multiple of
• 2.7 median
• 3.3 average
• 4.7 high

I'll spell out the calcs and equations

1. Enterprise Value =
Multiple above (2.7, 3.3, 4.7) x EBITDAX (US$173.2M) =
• US$467M Median
• US$571M average
• US$814M high

2. Market cap = Enterprise Value - Debt (US$340M)
• US$127M
• US$231M
• US$474M

3. Possible NASDAQ price = Market cap / 7 million shares (post 100/1 cons)
• US$18
• US$33
• US$67

4. Equivalent comparable price on ASX pre consolidation = Market cap x 1.4 / 700 million
• AUD$0.25
• AUD$0.46
• AUD$0.94