With regard to the Stanton report in ASX announcement, how can they conveniently leave out the value of the RESGEN asset of the land etc.
http://www.aspecthuntley.com.au/docserver/02514551.pdf?fileid=02514551&datedir=20220428&edt=MjAyMi0wNS0wMisxNDoxNzowNys0ODArNjU2MDMxK2FuZHJld3dlc3QrcmVkaXJlY3QraHR0cDovL3d3dy5hc3BlY3RodW50bGV5LmNvbS5hdS9pbWFnZXNpZ25hbC9lcnJvcnBhZ2VzL3BkZnRpbWVvdXQuaHRtbCtodHRwOi8vd3d3LmFzcGVjdGh1bnRsZXkuY29tLmF1L2ltYWdlc2lnbmFsL2Vycm9ycGFnZXMvcGRmZGVsYXllZC5qc3A=
The stanton report at 30 pages into the announcment, and mentions our debt but ignores the asset???Write stantons a letter if you have time;
To whom it may concern,
Re_ ReSGEn valuation and inaccuracies.
I draw your attention to the ASX announcement dated 21st April 2022. Could you please advise in your valuation (Stanton Report) why you have excluded the valuation of the assets owned by ResGen, being Ledjadja Pty and the Waterberg One Pty? What value do you place on these US$200M assets that have not been addressed in your report, that you can make an expert professional report and subsequent comment on what you consider is fair and reasonable?
I also draw your attention to the valuation shareholders received, to support your ‘fair and reasonable’ test.
I look forward to receiving your response within 7 days before reporting to ASIC as the timeframe for the meeting is on the 28th May.
I hope that you will update your report accordingly and then send through to all shareholders.
With regard to the Stanton report in ASX announcement, how can...
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