Ann: Half Year Accounts, page-5

The figures contained in this report will have no impact on the valuation of a share in Realm.

The value of Realm is made up mainly 2 parts.

1) value of the Foxleigh coal assets
2) cash in the bank

We already knew cash on hand was as at June 30, as it was in the Quarterly report released in July.

The value of the coal assets are likely to be very similar to the original IER, as the Marketable Reserves figures have not changed.

Realm is still very diligently working on their JORC update, but have not yet been able to release this to the ASX!!
This would most likely have led to an increase in the Marketable Reserves of the Foxleigh tenements.

The value of these assets may vary slightly if the new Independent Expert use a different methodology to value these (exchange rates, coal price assumptions etc etc).

I had calculated a valuation of $1.79 to $2.08 as at the time of the 2nd IER, based on June 30 cash on hand (adjusted for tax due but not yet paid, as noted in IER1).
I would assume the new IER will be using a more up to date cash on hand figure than that as at June 30.

If Taurus offer a new price right at the bottom end of the new IER range then I reserve my right to object and force Taurus to waste their time and money by going to Court, as mentioned previously by Van88.