Market capitalisation before trading halt was a touch over $1 billion. Mitsubishi is buying a 50% share at $ 3 billion of MMX. Market capitalisation is therefore $ 6 billion . Closing price on $ 1 billion is $4.00. Multiply this figure by six is equivalent to $24 for each share. New entity to be launched called Iron Jack Ltd which is currently a wholly owned subsidiary of MMX. Mitsubishi is committing $3 billion to buy 50% share in Iron Jack. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ for MMX shareholders!!!!!
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