my back of the envelope calculationsGBA looks way...

my back of the envelope calculations
GBA looks way undervalued....please check my figures



ADVENT ENERGY

unknown 10.63%
Talbot 10.42%

MMR 51.14%
BPH 19.06%
GBA 8.75%

100%
BUT
GBA has 8.9% MMR and 9% of BHP
which means

ADVENT ENERGY

unknown 10.63% 10.63%
Talbot 10.42% 10.42%

MMR 51.14% -4.55% 46.59%
BPH 19.06% -1.72% 17.34%
GBA 8.75% 4.55% 1.72% 15.02%

100%
PEP 11
shares on issue
BUY 698,839,762 15%

unknown 9.03%
Talbot 8.85%

MMR 118,149,377 39.60%
BPH 206,954,246 14.74%
GBA 28,193,508 12.77%

100%
Lets say PEP 11;s worth is $12,178,850,000
Less Talbot and others ..MMR+GBA+BPH worth is $10,000,000,000
BUY would be worth 15% $1,826,827,500

BUY PEP worth per percentage per share $2.61 per share
MMR PEP worth per percentage per share $33.52 per share
BPH PEP worth per percentage per share $7.12 per share
GBA PEP worth per percentage per share $45.29 per share

BUY Number of shares per $1000 and future value 9,091 $23,764.42
MMR Number of shares per $1000 and future value 1,379 $46,230.20
BPH Number of shares per $1000 and future value 8,696 $61,933.45
GBA Number of shares per $1000 and future value 2,532 $114,668.65

This excludes the MMR options and that BPH will increase its holding in MMR to 19.5%
BUY PBH and GBA do have other assets not taken into calculation.