ords broker email, page-10

similar to SRK, CFE nearly doubled prior to announcement (assumed to be insiders)

at the date of announcement SP was about 48c, the deal valued the shares on a fully diluted basis of about 90c+ (excluding consideration for tax paid on the sale) but a conservative value would be about 75c per share.

peaked at 62c then got sold down heavily to 43c and has been steadily rising ever since as the market has digested

but logic will suggest if the market continues to heavily discount the share price based on the sale value of the project then the potential acquirer might make a cash bid for the shares in SRK at a lower price

although CFE has signed an MOU, it has been discounted heavily for a failed transaction of similar nature. i dont think CFE management will let this happen

just my opinion