RE:RE:RE:Valuation Attempts Per your above analysis:
$0.78 return of capital
$0.50 PNG
$0.20 Canadian business
= $1.48
** So still 23% upside to that baseline valuation (I'm of the opinion value is much higher).
If management wanted to take private I'm under the impression that a 3rd party/independent valuation would need to be performed for reasonable valuation.. otherwise they'd risk a lawsuit from shareholders.