It is difficult to see that there is much value in buying out MXC - they do have European assets - Malta/Slovenia growing facilities, GMP licences etc. Maybe a buyer wishing to go in a different direction might find these of some value. Can't imagine that they would be worth more than $100mil - and that is a premium price.
Most current holders in MXC would lose out.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-6
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