"I think they shot themselves in the foot a bit by being so firm...

"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