Been wondering/pondering on the TNZ Gov't Free Carry in MNS myself.
Although not confirmed, it is expected to be 10%.
If it is 10% ?well then I wonder about Sinoma Finance having a 10% equity to 90% Debt ratio.
Aren't the MNS shareholders putting in the Gov't free carry Capex in a round robin kinda way? and not really Equity Financing from MNS shareholders?
I "worry" about the dangest things in a share I don't hold, hey bluey?
My opinion is MNS is for TakeOver by the Dragon/Sinoma and it might be more hostile and nasty ie low ball offer than is beng expected/dreamed about.
I'm thinking SDL scenario sorta thing not EXT.
Anyhow having the Gov't Free Carry 10% for Plant Capex 'fits' my devious, dragon scenario
cheers
KNL Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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