Re Fronterra shares
How is Fronterra going to value Cgx shares in a share swap with Fronterra at $1.00 when they purchased $73million worth of shares at $1.63 this being Prior to the Kawa discovery and have agreed to convert the latest $35 million loan at $3.11...I would say that that absolute floor would have to be $1.63.... I could see Fronterra buying up the remaining share of Cgx but certainly not at this price....If the port gets spun off to a different company then I could see this happening..