MOY millennium minerals limited
Add to My Watchlist 0.00% ! 5.1¢

The fact that it's mezzanine debt plus 60m options makes me a...

  1. robbo24
    11,351 Posts.
    lightbulb Created with Sketch. 1886
    clock Created with Sketch.
    05/06/19
    08:46
    Post #: 38911906
    The fact that it's mezzanine debt plus 60m options makes me a little bit cynical.

    Let's say MOY does default on repayments, then one scenario is that shareholders are faced with a choice between ratifying a placement in payment of the debt to IMC, or declining the placement and facing the prospect of insolvency...

    So IMC has 47.9% now... What's $20m into the the current $70m MCAP? another 30%-odd ownership on top of that... Makes you think, doesn't it.
    MOY Price at posting: 7.8¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Peregrine Gold discovers high grade channel iron deposit at Newman gold project, WA
right-arrow Created with Sketch.
NEWS Access the latest ASX news here
right-arrow Created with Sketch.
NEWS AnteoTech and Black Diamond Structures to Progress Advanced Battery Product in the USA
right-arrow Created with Sketch.
NEWS Cangallo drilling returns wide copper intercepts
right-arrow Created with Sketch.
NEWS The Japan Organization for Metals and Energy Security joins the Speewah fluorite project
right-arrow Created with Sketch.
NEWS Nyrada completes final dosing in Xolatryp Phase I clinical trial
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.