bargain price at present, page-14

Mmm, not sure about that analysis Jako, but if you are thinking that way then others may be as well.

If the cash is going to be valued at 50% (especially that quantum) of what it is, then:

- someone like IVA would be crazy not to make a bid for what remains and essentially get the tenements for free; or

- IVA are right that EXS should distribute all the cash to get fair value for it; or

- EXS should just make an acquisition immediately.