Re share value
Given MMK offered 550 m in boom times
Now , I think value is 1/3 or slightly more , so maybe 200 m , with 2.8b shares is 7 cps
This is over both OCJ and Todds entry prices
Also Todd owns 20% already , so only needs to cough up 160m
200 m with 1b ton is 20c pt
with profit margins < $6pt likely , they could live with 20c pt
7c
Bill
Ann: Change in substantial holding, page-35
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Mkt cap ! $149.8M | |||
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