RE: NC Aint santa21 Dec 2021 23:39
Dip,
Re: ' it goes to an independent assessor to pick the FMV from both valuations.'
And therein lies the problem Imho, NCM too low, v GGP too high?
For me any independant valuation and I would prefer that, has to also include what is currently known and understood as at the agreed line in the sand date, plus an arrangement /clause that will duly recognise 'A Growth in Reserves For Havieron' from that date, plus a recognition by GGP that unknown risks for NCM may materialise and offset the FMV pver time.
In other words, one should be looking to maintain a reassessmnt of FMV say every 5 years?