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4.8¢ fitzroy resources limited

yeah good points i hold, just not one of my bigger positions

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Fibonarchery

12,525 Posts.

2

07/09/15

23:21

Post #: 15951236
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Originally posted by strauss ↑

"I think they shot themselves in the foot a bit by being so firm in the announcement about wanting to sell the tech

ie there is no "holy heck this could be a billion dollar company!!"

But looking at the presentation page 17 "Recent transactions" the 4 examples given have an avg takeover value of $490m USD thats $700m AUD

Thats not too far off the "holy heck this could be a billion dollar company!!" as you put it

In fact those transactions coupled with managements intention to get a sale makes it a very decent punt that we may see a $350m AUD buy out which would be 50% discount to the avg of the above 4 transactions and with 650m shares that would = 54c a share

So theres still a heck of a lot of potential upside in this one and its probably more realistic upside

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yeah good points

i hold, just not one of my bigger positions

FRY Price at posting: 5.5¢ Sentiment: None Disclosure: Held
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