Guess it all depends. DCF model wouldn't be anywhere near $100....

Guess it all depends. DCF model wouldn't be anywhere near $100. They are losing money. But you need to project future years and if a turnaround is in progress. This is the method they used last year and only came up with ~$34.

NTA, well, I don't believe for a second that the valuations are accurate. Their just aren't many buyers in this sector. This also falls and the "orderly realisation" umbrealla. Most assets are on the market at the right price. We just aren't getting offers.

But I have faith they will negotiate the best deal available and pressure from major holders will get us every last cent that is available. Their have been vulture funds that specialise in buying a blocking vote and getting good deals. And even individuals. Remember Nick Bolton and Brisconnect? huge money can be made entering now. But it could all just remain status quo for another 10years. That is the risk.