TB I took off the debt I estimated at 160 million from an assumption of a
takeover bid of 250 million leaving shareholders the 90 million to share which equates to
13.7 C Aus. Of course the Market Cap will be 250mil if I include the debt of 160M.
Yes all your points are truly valid. Why swap 500m for 50m, No sense at all. That is why
in a worst case scenario, we might end up at 14c. Anything above that is superb.
To tell you the truth, I would gladly walk away with even 6c , this will still leave me above break even.
Given the chance we make it, I learn a very good lesson here. All good points here , down rampers
and rampers alike. The safest way to earn money is gradual. One more chance please.
MBN Price at posting:
8.3¢ Sentiment: None Disclosure: Held
