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Ann: Mulga Rock Operational Update, page-44

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Titasuranus

27 Posts.

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17/12/21

10:20

Post #: 58359131
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Originally posted by phishpheet: ↑

Think DYL next move would be to wait for VMY next CR... Dont see any other partys making an offer with the large holders of VMY and DYL in place.
From DYL announcement,...
Deep Yellow believes it is in a unique position to de-risk the Mulga Rock project for all Vimy
shareholders and that this offer provides a path forward that, in Deep Yellow’s view, is least
dilutionary to Vimy shareholders. Mulga Rock has a stated total Capex number of A$393M. With
a market capitalisation of around $280M and cash balance of $22M, Vimy shareholders will be
materially diluted as that company moves towards development. Deep Yellow’s proposal would
de-risk this development for Vimy shareholders by creating a circa $670M market capitalisation
combined group with $95M cash at bank.

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I'd suggest there are at least 8 parties in this game

VMY Price at posting: 20.0¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

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