Ann: Notice of General Meeting/Proxy Form , page-2

Did anyone actually read the 96 pages of the last announcement and in particular the Independent Experts Report - Valuations.
IMO the SP is currently undervalued and we are experiencing a rerating.
From what I can gather from their valuation calculations(pg 86) at worst the SP should be a 8c and at best 18c.
Rational –See Table 7.1 Final Recommended Valuation of
Low - $49.6M / 613,382,629 listed shares, Options and unlisted performance rights =$ 0.08 per share
High - $113.1M / 613,382,629 listed shares, Options and unlisted performance rights =$ 0.18 per share
But I’m not expert , nor do I have any professional qualifications in this area - so DYOR and make your own call.
My personal opinion is both these still undervalue what the company is actually sitting on.
I’m a little annoyed I didn’t pick some more up at the 5.5c levels (about my average)
Other items that wouldn’t hurt this year, a DSO find, Firm up the export strategy and a solid off take agreement.
Generally I think the management are doing a good job and I’m happy to watch, wait and see my investment grow.