wec v exergen techs..., page-50

'Tata and Itochu have each payed $10 million for a 5% stake in Exergen, valuing Exergen at $200 million, this was before Mantle's coal allocations and subsequent MOU with Exergen.'

i didn't know the 5% cost that much, but that is very good news if the plan is to backdoor list exergen into mnm.

with the MNM coal added to the business, and the off take agreement in place with TATA a $500 million MC for the merged entity would be a likely target post merge, especially if Dale Elphinstone plays a significant role.

given MNM would bring the multi billion tonne brown coal resource to the party what % of that kind of MC would be allocated to MNM shareholders?

even a very humble 20% would convert to 40c MNM shares.

40% would be my target if I was IK.