I've often thought of these independent experts as more like "Biased Sycophants". But not these risc blokes, i am sure they have done their homework.
Yes, Flax worth ~$2 million. In print for posterity.
And 37.5% of PEL 182 at high risked value is worth as much as $11.9 million, only days before Senex pay $5 million for 5% valuing our stake on a look through basis at $37.5 million. Only about 3.3 times out at the high side or 9 times out ($4 mill) on the low side valuation. Reasonable margin for error I guess.
And those crazy non-professional biased fools at Drillsearch are prepared to ignore the "unbiased experts" and pay close to full assessed value !
Perhaps with time we will be able to assess for ourselves which parties involved in this deal were independent and who were the experts ?
ACN Price at posting:
28.5¢ Sentiment: None Disclosure: Held