Eyeguy, thanks for the measured response. I came across this...

Eyeguy, thanks for the measured response. I came across this transaction as I think platinum look interesting to invest in if global economies pick up and have been looking at the companies in the space. Its interesting to pick apart valuations done by so-called experts, and as you say, have no real relevance to market cap values.
In the Jubilee valuation report, the expert has used the DCF method to value conroast as the most valuable asset jubilee has ($51m out of a total of $91m), and the PLA fair and reasonable report produced by the administrator used that value to justify the transaction to PLA shareholders. So PLA shareholders are being asked to believe conroast is worth $51m and how much of that is based on the cash flow coming from the much talked about Northam contract that has had no news for 2 years and Jubilee has not mentioned any further in its documents. If conroast is only worth a can of fosters then PLA shareholders are getting less than 50% what they should. So I would think to be fair to PLA shareholders the true position with conroast contracts at the time of offer should be made clear.
Having had a look at the transaction, its massively dilutive for jubilee shareholders, to pick up assets that clearly have not performed to date, so risky for them. It has also forced jubilee to sell a good cash producing asset as it obviously couldnt raise the debt component of the deal as originally anticipated.

and if the market is right and conroast is only worth a can of fosters ......