They are not required to draw conclusions which are completely forward looking as part of a valuation IMO. The CSA valuation can only look at what is on the table when they are asked to evaluate the value of the EXU properties and they are restricted to certain valuation methodologies which can be restrictive (like the valuation of Mace based on a comparative square km approach).
Maybe the BOD report can draw conclusions that are more forward looking and based on risk assessments but I’d say they are also restricted to dealing with tangibles, like what happens if the RMS offer is withdrawn or elapses or the effect of voting yes for the proposed ALK raising. What ifs relating to processes that are not in direct play like mine funding proposals are so intangible at this stage that it’s practically impossible to draw conclusions from them without stepping into the realm of pure speculation. If there were mine funding proposals being negotiated and they had been announced to the market then they potentially would have come into the sphere of the report.
We should see what Mace looks like soon, for better or for worse, then the market can come to its own opinion. Seems a fair way to do it to me. Esh
EXU Price at posting:
8.6¢ Sentiment: Buy Disclosure: Not Held
