Every asset has a price, for the right price Grieve should be up for sale. I certainly would not want to see a fire sale but a company making transaction different story.
Sometimes you will only see true value through the sale of an asset, as quite often the market will apply a significant discount. EG SSN sold 1/2 of 1 asset for 2x the market cap.
Curently the market (I suspect) has only attributed around $10mil to Grieve. The NPV is around $300mil. Question is which will ge us closest to NPV, the sharemarket or the sale of the asset?????
Cheers
ELK Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held