I'm not sure how a minnow with $1.7m cash is going to raise $24 million, or the $50-60m that it will take to get the modified Nifty operation running again including stripping. Hmm....suspect CYM will fall over, but their punters might come to the party. I will buy some if I can see how they are going to try to do it. Looks a bit like a Chihuaua with a big neck collar chasing a wild boar.
At the minimum, MLX will have the upkeep costs of Nifty off its books for a little while.
Wondering how long it will take to sink the vital Area 5 ventilation shaft at Renison. Critical path operation for the new area. These are pretty slow to do because of large diameter. Anyone clued up on this?
Ann: Trading Halt, page-55
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49.5¢ |
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Mkt cap ! $443.8M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 50.0¢ | 47.3¢ | $1.594M | 3.257M |
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| 2 | 10749 | 49.0¢ |
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| Price($) | Vol. | No. |
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| 49.5¢ | 309380 | 3 |
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