"they go into administration tomorrow and sell the oil fields for a fire sale price of $700M, minus their debt of $330M, leaves $370M" Irrespective of whether it was a hypothetical situation or otherwise you maintain this company - or whats left of it after it goes belly up - would fetch $700M. Yet its current value while solvent and trading on the ASX is $330m. I'm truely gobsmacked. The most charitable response I can put on the above is that its bizarre! PS Nice try attempting to worm your way out of an untenable position by having a dig at me personally. Unfortunately for you I'm not the one who made such an extraordinary statement.
AED Price at posting:
0.0¢ Sentiment: None Disclosure: Held