MMX MVT

News: Murchison Metals to merge with Mercantile , page-6

  1. bottomfeeder1
    1,621 Posts.
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    18/03/14
    16:49
    Post #: 13142466
    re: News: Murchison Metals to merge with Merc... Guy's,

    Wishful thinking. If you look at December's Quarterly activity statement the MMX is burning around $140k per Quarter, so based on a end June payout date that's $280k at least off the cash balance which equates to $0.001 at least. The cost to do the legals and the paperwork and make the payments and have a vote will cost at least another $300k which is another $0.0011 per share.

    So I would say the payout will be closer to $0.048.

    Good luck, I sold out at $0.049 some time ago!
    MMX Price at posting: 4.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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