The offer from Risco for OEL's 33% stake in Galoc equates to a headline price of 10c per OEL share.
The 6c mentioned is a proposed "Capital Return" of equity to be paid in cash to shareholders from that equivalent 10c/sh sale price.
The Divestment preso on page 8 under Right Price reads....
•Monetisation and maximisation of the value created by Otto at Galoc •Price is at top-end of valuations and a 36% premium to the balance sheet value •$0.10/share value of the headline price exceeds current share price by approximately 19%.
NDO Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held
