"Fraser Mackenzie reckon we will dilute the hell out of ourselves with 5 billion shares. "
Why?
"Philip Capital reckon after Petronim are in we will sell 25% interest in a JV to leave 45% Yandera owned by MMC."
We currently own 100 percent of Yandera,should Petromin come in,they buy 30 percent,leaving us 70 percent,where are these people getting their numbers from?
The door has always being left open for NFC to buy into MMC,but given the EPC numbers,is this any longer neccassary,what the hell will we do with the extra money?
Raider
broker coverage, page-2
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