From page 5 of today's announcement..
"Mt Bevan may need at least $ 1.3 billion capex investment.
Equity part of NMDC and Legacy will be 30 per cent"
Again, 30% of 1.3 billion is around $400 million.
DGH44, (you cannot then apply 60% to this amount)- Because Haw won't be sharing this cost ! Obviously !
This money, $400 million, will be raised with a share issue- massive dilution.
Anyway,
What I can't get my head around is - why is NMDC organising 70% ?
Surely they are big enough to organise 100% are they not ?
Is this a deliberate ploy on their part to slowly increase their shareholding of Legacy at the expense of other shareholders who cannot participate in further capital raisings?
Why 70%, not 100% Sharon ??????????
- Forums
- ASX - By Stock
- announcement out
From page 5 of today's announcement.."Mt Bevan may need at least...
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LCY (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.2M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LCY (ASX) Chart |
Day chart unavailable