MOY
Click for more information
0.00% 5.1¢ millennium minerals limited

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

  1. robbo24
    10,923 Posts.
    lightbulb Created with Sketch. 1752
    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

MOV MOVE Logistics picks new interim CEO to take over operations from early September
right-arrow Created with Sketch.
AVR Anteris the latest to flee a struggling ASX for Wall Street's NASDAQ
right-arrow Created with Sketch.
NEWS Was last week's panic justified?
right-arrow Created with Sketch.
WAF Drilling at Kiaka Gold Project yields 7.6 g/t intercept for West African
right-arrow Created with Sketch.
IMD IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent
right-arrow Created with Sketch.
G88 Golden Mile ditches Marble Bar and Murchison tenements after weak fieldwork results
right-arrow Created with Sketch.
watchlist Created with Sketch. Add MOY (ASX) to my watchlist

Currently unlisted public company.

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