re: Ann: Request to Remove Redbank Energy Fro... Good question....

re: Ann: Request to Remove Redbank Energy Fro... Good question. De-listing is never a good thing, it usually pre-empts a curtain call.

What's AEJ's intrinsic value? I'm stretched to find out how high AEJ is levered at the moment, so it's kinda hard to value the equity.

(DCF of long term EA contacts for base load) - (debt)?

Redbank should have 25-30 year contracts for base load, so there must be a TONNE of debt to leave 3.28m equity!

My guess is they sell the station and pay back lenders, and whatever is left goes to equity holders. If what's left minus fees is > 3.28m you win, if not, you lose.

Another B&B disaster is all I have to say. It's Phil Green's gift that just keeps on giving...