RE: 20p Sale Price21 Dec 2023 16:17
Sharewithus,
The current views regarding sale price appear to be driven more by "what's currently acceptable" to PIs', as a figure to come away relatively unscathed. We are not aware of the current full value of assets, how far the parties are prepared go to secure them, the time pressures on both the seller AND the buyer, how hard a deal the BOD is pushing for, etc, etc.
My view is that this company owes D.S. twenty years worth of capital investment and time, and he won't let this go for peanuts. I think it will be greater than 20p, but how much? I'm like the rest, I haven't a clue.