Whilst I agree that a merger makes sense.....this does not look like a particularly attractive deal for NME shareholders.....perhaps MCT should table another offer and explain a bit more clearly how they've arrived at the offer price. The liabilities in NME are unsecured - largely payables. If these are going to be paid in full - from the accounts it looks like these are predominantly payable to directors...then that should be made clear in the calculation. On the face of it 37.5% for a 49% tenement does not look attractive - if it's broken down more then shareholders may be willing to accept another offer - but I personally feel that 37.5% is too low!!
This is not advice
DYODD!!
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Mkt cap ! $8.97M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $4.3K | 2.15M |
Buyers (Bids)
No. | Vol. | Price($) |
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43 | 58527533 | 0.2¢ |
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Price($) | Vol. | No. |
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0.3¢ | 51341217 | 51 |
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No. | Vol. | Price($) |
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43 | 58527533 | 0.002 |
51 | 121697203 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 51341217 | 51 |
0.004 | 16061252 | 11 |
0.005 | 7327333 | 10 |
0.006 | 12905889 | 15 |
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