Mr. Market Says, For Sale 23 Million Acres at$0.0434 per acre. Yes Folks, that's how the current capitalization of ROZ works out on a per acre basis. The Current Market Cap of ROZ is $1,000,000 and if you divide by 23,000,000 acres that's what you get. I looked at this, and to me it seemed sureal or beyond sureal.
If the company is going to make one last deal, before the upcoming Annual and Special General Meeting you would think that we would be looking at say $5 Miilion or to be a bit more positive say a $10Million overall deal of some kind, where the NPV is say at least $10Million.
This would then translate into $0.43 per acre. If you assume that 50% of the acreage is no more than cow pasture, then you come up with a value of $0.86 per acre. Looks like a real bargain price.
The value of the shares based on a measurable $10Million of NPV would be roughly $0.10 per share. Can a deal like this be done. I would think so, the management of ROZ is quite capable of pulling of something like this or something even better.
Before you accuse me of pipe dreaming, take a hard look at the assets and managements abilities, to me this is a minimum sort of deal that we can postulate as an interim value before management announces what they have been able to come up with, at the ASGM.
I think that as shareholders we have lost touch with these assets, and which is further compounded by a market that has no catalyst and is lacking in equitable financing possibilities. What I am thinking is that ROZ, will have to provide financing when they do a deal. Time will tell where we will wind up, but just as a warning not to give up the ship just yet.