need some change of directors, page-5

I can't believe the Directors think that $50m is a fair price. If the ground is anything like QGC's permits on either side, there must be at least 3PJ/km2 over the permit. By my reckoning, that makes over 500PJ for the permit of which 80% is Roma's. On that basis, shareholders are only being offered $0.12/GJ which, although not certified, is so far below the value of recent transactions its not funny.

Clearly, the Board hasn't got confidence in its own abilities to realise this sort of value. I daresay both QGC and Bow could, but there is a hell of a lot more upside in the Bow offer than there is in the QGC offer.

For the record, I'm not a Roma shareholder but a Vicpet shareholder. I want Roma shareholders to get full value from their assets!