I am interested in hearing thoughts on the differences of the latest broker predictions as to how MMC wil raise capital to bridge the difference in required funds outside of what we are getting from NFC deal.
Fraser Mackenzie reckon we will dilute the hell out of ourselves with 5 billion shares.
Philip Capital reckon after Petronim are in we will sell 25% interest in a JV to leave 45% Yandera owned by MMC.
I don't really like either of these options. Surely the game changes if DFS is good and EPC is signed. I would hope after these events the SP will be much better allowing a more suitable way of raising further funds.
The numbers in these reports are very conservative and basically are valued with the assumption that our market cap will stay the same over the next 18 months.
Any thoughts from those more knowledgable on the matter?
broker coverage
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Last
82.5¢ |
Change
0.010(1.23%) |
Mkt cap ! $92.38M | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 86.3¢ | 81.5¢ | $230.2K | 273.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9999 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 84.5¢ | 8000 | 1 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MMC (ASX) Chart |