If this thing ever gets formalised I propose the following:
1. Total Outstanding debt per FY11 is $212MM
2. Sell 12% of Crux interest for circa $450MM (Shell 2, Osaka 10)
3. Payout all existing obligations
4. Retain 5% of Crux Interest and redploy capital on alternative prospects/existing interests (ES etc)
5. New chairman.
Simple yet straightforward. Open to comments and criticisms.
I think we would see a share price greater than 11c
T
If this thing ever gets formalised I propose the following:1....
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27.5¢ |
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Mkt cap ! $80.21M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 19549 | 25.5¢ |
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