MRK 2.78% 3.5¢ maverick energy ltd

price, page-11

  1. 6,565 Posts.
    lightbulb Created with Sketch. 150
    Announcement has not moved share price up - currently down by nearly 3% only 6 trades so far today..

    My estimate of the announcement...please correct me if i am wrong...

    30% interest in the Coal project in Sth Africa that has an estimated resource of 120-140mt coal..

    396 mill Shares on issue currently
    ...
    To increase the interest to 74%

    Payment of $47.60million at 34cents x 140mt =

    Or shares at .48cents x 140mt = $67.20mill equivalent shares...Divide by current SP of 3.4cents and it would need to issue 1.920 billion shares to take a 74 interest

    This would raise the issued shares to 2.316bilion.
 
watchlist Created with Sketch. Add MRK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.