RRS range resources limited

trading halt, page-16

  1. 887 Posts.
    Ah just a side note - with Trinadad - I think the MHL stake was going to be $90m AUD. And thatt included working capital costs. So worst case scenario (including the above), and converting to pounds is only $58.4m Pounds! So a raising of $20m Pounds (can't do pound sign on computer) would be enough plus the draw-down plus a share issue, would be enough to purchase outright.

    Assuming he got it cheaper than MHL, or taking out working capital costs - and things look alot closer between the money raised and the purchase price.

    So 100% of Trinadad is not out of the question. Just don't confuse dollars with pounds.
 
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