RE: RE: Base Case Thanks for publishing your numbers. How did you value the projects other than Wildmare? And did you discount them for the time until they produce cash flow?
Keep in mind that FVR did not just cancel the sale of Wildmare because it wants to sell the whole company instead. If it did there would likely have been a break fee and INE would be suing. I suggest you read the INE PR on the subject since the FVR Management did not deign to give any useful details.
If you buy in bulk, you get BETTER prices.
And any acquirer will want to pay LESS than fair value if they can.