Yes, good point. Essentially we should view the play as a new entity which enables a revaluation of a going concern. IMO the value of the "transaction re share swap" is around the question of how much of this play will CAS own - the vast majority; and what the prospective valuation of this merged entity will be - given what they can do.
Ann: Crusader and Stratex sign binding Scheme Implementation Deed, page-10
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