jdpc35 and apple, a thumb for you both.The debt & equity funded...

jdpc35 and apple, a thumb for you both.

The debt & equity funded bid might be also relate to TPG TRIO joined force with ACWA. At least we knew BHP?APA competition will push the price up.

Hopefully the management can maximise return for all shareholders.

From the shareholders asset pool of:
1. our the $450 milions dollars loan
2. 410 milions of net assets
3. net cash of $108 milions.

My guess is there will be more impairment against our net assets after final bids. Might be in the range of $100 milions to $200 milion. But even at $200 milions net assets, we should expect return of around 20 cents per shares. Plus what any additional sweeteners for get rip off the shareholders $450 milions dollars loan to the new owner.