Sino Agro Food Inc (fka SIAF)

[RealDutch]

So after the IPO, you think it would be trading around those numbers you mentioned above?

I think... fair value is $1.79 per SIAF share TODAY. If the trade division succeeds, we can make it $2.50. If they get the $100M loan, the value goes up again. If we get substantially more ODRAS, the value goes up. If we get the cooperatives, it will be big. And I will have to consult with Benjamin Graham. Same applies to AF4/5 if they ever get it up and running.

In general, I think the dividend shares will be worth $10 (per SIAF share now) with an IPO in Hong Kong. Best guess, for now. That does not mean I'm confident about an IPO because I'm not. Without it, who knows, perhaps we can sell it for $5.