Presentation, page-4

Our NAV (pre MOG IPO) has significantly increased based on look-through adjustments related to third
party (NT) asset transactions and more favourable commodity prices. In absolute terms our A$mn value of
the portfolio increases to $263mn (16cps), previously $149mn (11cps) but offset by the larger issued
capital base post the March capital raise.
O.K. so the SP has a considered value of 16cps..... so by what reasoning is the market in general suggesting that this is ~5 times more than it's willing to pay?? or is it saying that the report is pretty well worthless?? or is everyone in the back yard looking for 4 leaf clovers when opportunity's knocking on the front door!!