RE:RE:RE:$56 mil cash - $74 mil Market capAgree, I certainly see that as an option. I believe the institution (can't recall the name) has a much higher cost basis... from my perspective it would be in their best interest to maximize their return by announcing a SIB (at a minimum), or more likely privatize and then turnaround and sell to Santos in a few years when PNG activity is ramping up.
I think the sale of the majority of N.A operations is gearing the company up for a transaction in FY23