I wonder if they have an independent valuation for Hearts range...

I wonder if they have an independent valuation for Hearts range or Keysbrook for a high enough valuation so they could sell one or both for 45% of the company's shares holding, with the money obtained being used for Kalimantan infrastructure and working capital and retain a 6% (so total holding greater than 51%) share holding in a white Knite would circumvent a takeover.
I am not sure how you would exactly work it but I feel its possible.