With the Gillard Government throwing money at the dirty power generators for the first three years of the carbon tax, this should bode well for AEJ's cash position and hence ability to refinance.
Surely there is some upside on the wind up.
At the moment the SP is trading at around $4/share or $3.1m which is the cash left to wiond down the business
Bronte & Coastal are sitting on the registry with a massive control position & I suspect would want to realise as much from this investment as possible
Independant expert has valued the business at $24.4m to $35m as a going concern. ($31/share to $45/share)
Nobody offered to buy the business above debt so i suspect that it wasnt going to be sold especially when going concern valuations had much more value
Now that the business will have huge carbon credits attached I suspect that it has significant value.
Anyone else's thoughts?
With the Gillard Government throwing money at the dirty power...
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