FZR 0.00% 12.0¢ fitzroy river corporation ltd

I dont get this logic, Say it is worth $4m, why would FZR pay...

  1. 174 Posts.
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    I dont get this logic, Say it is worth $4m, why would FZR pay $8m and give 53% to other RCO shareholders?

    and you cannot value a finite resource (depleting oil field) at 20 x annual revenue, Franco Nevada buy for 4 x annual revenue
 
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