we should more than likely get a re-cap price of around 80% of...

we should more than likely get a re-cap price of around 80% of NTA after Mezzanine dilution

Why? cause Neil Werret. The managing director also owns 500,000 shares... he too will want a good price for the shares.

Consider this: if revaluation increases by 5%, then NTA after dilution will be $6 or re-cap of $4.8 sound about right.

We are not going to get 5% increase in revaluation, we are likely to get 10% increase over the next 18 months.

lets be greedy and ask for $5 ;)