Yes it's a bit hard to see how this will pan out, my thought is, IF the MCT claim for the $1.2 mil goes our way than MCT could have the first call on NMEs (assets). Taking into consideration that the IER puts a .003c value on NME = to $850k, we could be in with a good chance of taking over the whole show. but that would depend on the Administrator and what other offers came in. The fact that MCT holds 34% of NME and is owed $1.2m, I would like to think we had the front running. If by chance some other company outbid us, this may not be a total loss, at least we may get a JV partner who pay their bills. Or maybe have the money to put in a TO for MCT
MCT Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held