RE: RE: RE: RE: RE IAEMonkey, I dont think I am counting the $35Mil twice in my calculation. Why? Well, the 35m sits there on IAE´S bank accounts now after paying down debt. The assets are still there the same and could theorically be sold again for the same price. Hence, 97+97+35 ..leads to the 1.66 CAD/ share NAV estimate.
Of course I am deliberately only using the second deal because I think it better reflects current conditions like improved price of oil and better performance from Jacky than expected.
And yes,. it´s all crude estimates, we are all wrong until proven correct...