RE: Positive Drill Result3 Nov 2023 13:55
I think I could agree with you Legache but I am sure Jay and co have other ideas but they need to convince the market.As far as Egyptian proceeds are concerned,the assets are valued at $25001 in half year 23 accounts.After the write downs in 2022 I suggest this is not an overvaluation and additional income will have been accrued in view of capital restrictions.
I have never come across business sale below the asset value suggesting a price of £20m compared to £8.7 for the whole company.What do you think ?