Time to unlock Value Via Subsidiary FormationIf you want to be a behemonth, you need to form subsidiaries that unlock latent value that contributes little to the shareholder value.
Check out the Big Boys and they all have their subsidiaries .
So, we now have NFG venturing into serial production of its open pit discoveries ..
It will need to continue exploring QW North for many years yet, which can be funded by cash flows from emergent production.
Its diffucult to foresee , given the large areas of QWN yet to be touched by the drill bit, that much exploration effort will be directed towards QW South .
Yet, QWN is a substantial and highly prospective asset .
So, if MAE is to be acquired, why not stuff QW South into its empty listing , fully assigned to exploring and developing QW South.
Sean Ryan is perhaps available to lead this new subsidiary which would soon imo achieve a substantial market cap .
Everyone wins and our market cap gets a second boost from its new subsidiary.
That is, if Colin thinks Big..