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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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.21M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $3.002K | 1.000M |
Buyers (Bids)
No. | Vol. | Price($) |
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38 | 69296871 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 59648562 | 53 |
View Market Depth
No. | Vol. | Price($) |
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38 | 69296871 | 0.002 |
51 | 137691648 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 59648562 | 53 |
0.004 | 14961466 | 11 |
0.005 | 8927333 | 11 |
0.006 | 15805889 | 14 |
0.007 | 8642857 | 3 |
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