how about that, pattersons valuation is the same as mine.$1.00...

how about that,

pattersons valuation is the same as mine.

$1.00 US = 1.25 AU.

we all know, it only takes a few percent of the registry to cause some large movements, in either direction, especially when the market is skitish.

12 million shares on the large flushing of traders, when our full dilluted is at about 400m fps.

We've seen the traders washed overboard, and a few who were spooked by fears of a no sell scenario.

What we see now, is a strengthening of people prepared to take the view, that GS will avail to the right players, the opportunity to aquire MAE.

I think the pattersons report underpinning a base line valuation of 1.00 US, ie 1.25 AU but clearly there is upside especially if there is more than one party who want to get their hands on the assets.

So the talk of 20c, as a sale was complete rubbish.

As i maintain, that the issue, is the sale or no sale, and comes down to how good our realestate agent is.

Post that, we can re-finance, and sit on our hands until a better offer materialises with higher gas prices.