The raising of in house funds through the sale of in house shares has shown that BPH , Advent , MMR and GBA all value the companies per the 50c Advent SP . It is only the speculative market that values Advent higher . IE : MMR and MMRO .
The game changer for in house valuation will be the new CR for Advent . If you add all the shares GBA has in MMR , Advent and BPH then value them at 50c you will see why the market cap of GBA is where it is . By this I mean you must value MMR shares at the Advent price not the market price ... same with BPH .
Nevertheless , GBA has enormous upside on a discovery of gas and the listing of Advent . By the way , Advent is valued at circa $70m . Try $500m IMO as a starter for the listing of Advent , if gas is found out there . Do the research and do the maths . Advent could easily be a billion dollar listed company within one year . Still buying a few with my pocket money .
GBA Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
