Ann: AWE receives indicative proposal to acquire 100% of AWE, page-21

'RBC Capital Markets … risked valuation of AWE is 91¢ a share.'

Per pg 7 of ASX release: Full Terms of CERCG Australia Indicative Proposal (Post #: 29251637)

'The broker target price average of $0.54 excludes RBC as the “independence” of their research is questionable given their role as Lead Manager and Underwriter to AWE’s recent capital raising at $0.50 per share.'

Just happens to be the highest by a long way in the graph provided by this latest bidder.

Notably, today's bid of A$430m is similar to the rejected Lone Star bid of A$420m made in May 2016.

Oil prices are up since then..

DYOR