Ann: Marion Energy mandates 333 Capital, page-14

And where did you pull that figure from?

I suspect you based that on the financiers simply taking what was owed to them.

Good question though? why wouldnt they?

It was either a stick, or a carrot.
And then they accepted a write down to the likes of 24m or so. A 36m haircut, without forcing a sale.
So either they legally couldnt force a firesale, or the stick marion had against them, was a big one.

Anyway, that doesnt represent the sale value, and why Korda Mentha also see value in getting a good price capital return to shareholders.