Precisely. TER has a coking coal project (Berenice/Cygnus) in close proximity as well. 1.35Bt Resources.
However, MCM has very messy corporate structure. Doesn't look good when holders put in a 249D notice as well. Has a A$10m loan + interest due end of 2022. TER can simply wait for it to go insolvent and gobble it up cheap.
Even if they could get more extension from loanholder, they'll still have to pass the project financing hurdle.
Just IMO
Ann: Dividend Policy, page-40
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17.0¢ |
Change
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Mkt cap ! $136.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.5¢ | $346.3K | 2.035M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 229488 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 98495 | 4 |
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| Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
| TER (ASX) Chart |