chance of other offer, page-6

So far as i can tell this is a good buy for AGL. At 31st Dec 09 the NTA per share for MOS was 11.3c; if we add the realised value of Kimu ($13m), NTA rises to 12.6cps. Assets are typically heavily depreciated and to trade buyer are worth alot more than book figure. And then there's the unknown value of the underground storage opportunities and the untapped exploration upside - esp the NZ acreage.
Reasonable offer could/should be around the 20c mark, imo.