RE: Change of subject24 Aug 2021 23:15
Kane, it’s not a strange mentality, you asked what price for a buyout at the moment.
Therefore you put yourself in the shoes of a company who would look to buy NFX.
You don’t go in and pay 10 times the current Mcap, that would be ludicrous. You’d try to buy the company as cheap as possible.
After all, you don’t walk into a car showroom and offer them more than they are valuing the car at?
Hence I started my posted by saying there is a difference between the price you’d be happy with, and the realistic price someone would be willing to pay.
Even Allenby only put it at 9p valuation after the current work is done.