IDM 0.00% 3.9¢ idm international ltd

bingo - m bank and a premium, page-12

  1. 144 Posts.
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    Just re reading the announcement, and this is how I understand it.

    M Bank - offer IDM 30 Mill US. On the proviso a further $15 mill is injected by IDM or other parties.

    IDM - have interest from other parties to provide the $15 mill in addittion to Macquaries.

    This 15 Mill im guessing must be in the form of an issue of new shares in return for the new capital BUT at a premium to last trading price before entering trading halt.

    If this is the way it is played out, then I think IDM are in a very strong position, and have secured every cent of the 45 mill they were chasing.

    Well done Board!
 
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