RIA 0.00% 3.3¢ rialto energy limited

See they mention two recent analyst targets/coverage, yet...

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  1. 17,111 Posts.
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    See they mention two recent analyst targets/coverage, yet nothing on the website. I would love to know how those analysts value RIA at those prices given they effectively will have a minor stake (20%) versus Vitol's 65%.
    If it is a quantifiable value, given the IC is their major asset it reaffirms my view that Vitols stake was sold WAY to cheaply. in a double whammy - the block equity and a share dilution to boot. And why the write down? Still not explained, and how can such high targets be placed on the share price if the assets have been written down that much? Surely they were not written down more than required merely for the 3c dilution and the block equity sale? I mean it is not like these assets are not 'near term' commercialization so I dont even know why they were wrtitten down to start with. Normally I see companies write down assets when they have little hope of putting them into production.
 
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