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for AFR the most believable fair values estimates, post dilution, come out at 5 - 10p share, so 3p seems oversold. However its got to make AFR a really cheap takeover target. Bondholders are getting to get a shed load of cheap equity and I'm sure will be more than happy to sell on that equity for a quick buck to somebody looking for cheap oil assets.
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For the DTM chaps.
DTM Early Birds is a discussion created by BuyBAO on 30 Jun 2014.
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