renaissance capital, page-32

Agreed!

It's only an opinion of a possible IPO price.

Blane's link on the other thread also gives some basis for the opinion:

"On July 24, 2015, the closing price of our ordinary shares on the Australian Securities Exchange was A$0.895 per ordinary share, equivalent to US$13.06 per ADS based on an exchange rate of A$1.00 to US$0.7299. For the purposes of this preliminary prospectus, the estimated initial public offering price is US$13.06 per ADS."

Key words: preliminary estimate based on BLT share price and exchange rate on 24th of July.

If we are going to use past pricing, why not use 28 Feb 2014? IMO this is more reflective of where were are heading than last week's prices. Trend since end of financial year is up, not down!

Price is not set yet, and in my mind right now all opinions hold equal weight.

ADR price will be somewhere between US$30 and US$44. BLT shares will be A$2.00 to A$3.00.

Good luck to those that sold hoping to back in under 90 cents. And well done to those that soaked up some more today.

Onwards and upwards.