Basically, I think that would be criminal to settle for such a mediocre figure. Do the real math, not the back of the envelope, simplified AGM calculation for the publics consumption.

Criminal yes. Isn't that who we are dealing with in Chavez....a criminal? Chavez doesn't know or care about "real math". We obviously have a choice here (reading between the lines)....take an obscenely low ball offer from these crooks or get tied up in arbitration for years. My guess is that Fung's bottom line for a "deal" to get the "F" out of this hellhole (to coin Bill's term) and save us all from living this nightmare for the better part of the next decade is in the neighborhood of 2 billion dollars. Did I read somewhere that Agopov was considering increasing it's stake in Rusoro recently? Will they be good for 2 billion dollars? Fung certainly did not deny that they "talk" to Rusoro on occaision. Management got their cheap stock options. Talks are "ongoing". Apparantly both sides are motivated to "settle". Resumption of the bondholders action is imminent.

Does anyone know what a 2 billion dollar buyout would translate into in terms of shareprice after all of the dust settles?

Yes...it's worth much more than that on paper. That and a nickle will get you on the subway.