Ann: AOG Half Year Results Presentation, page-20

I doubt they get independent valuers, but i also wonder if that would be practical ? I would hope that given they have a constant market turnover of units, they could have a decent view of current value ? Its not like an AREIT that has large lumpy assets that don’t trade very often (e.g shoping centers or office buildings). Your concern could be valid though.

Not making bids public could be part of the bid process, but it could be as you say too.   I don’t think we have long to wait and see.

My view is that i am still underwater, if the nta turns out at $3 then i’m considerably better off than we are now if there is a bidder around that price.