Ann: Quarterly Activities Report and Appendix 5B June 2015, page-18

$4m is very expensive for a shell but this group has achieved so many great results that this seems to be the premium their shells command their other one is commanding $6m
Does that seem reasonable? I dont know but why should I argue with the market


The important thing you may be missing is that to complete an RTO and recomply these companies need a minimum share price of 2c so far all the deal this group have done have involved no consolidation but the share prices have moved up on their own to these levels

This is why I think 2c will end up being a floor price for any deal and I will be surprised to see it trading too far below this level

Chart is showing consolidation at these levels too




Are you referring to OVR as a shell?