Connacher has just obtained $800,000,000 worth of commercial credit/financing.  If you consider that banks will typically only loan about 70% of the value of an asset, this financing implies that international bankers give a current asset value to Connacher of approximately 1.14 billion dollars or with about 200,000,000 shares outstanding about 5.70 dollars per share. 

Why in the world is their share price at $3.40? 

Martin