good informative posts everyone. Couple of things - the need to raise 15 - 25 M in capital to exercise JIC option - how do you think that they would do that? A placement with a retail component or placement only?
Also I think BBY is advising MNC so not surprising they gave them a bit of a rev - although most of their conclusions are hard to fault from what I have seen in the public domain and pretty conservative.
The really interesting part of Hampton is the TKG holding (around 30%). It seems like they (TKG) are a basket case but may be sitting on 30%+ of a massive discovery. Is it likely they will be able to raise the cash to exercise their pre-emptive rights? If they did then MNC would own just over 50% of Hampton as opposed to 68% if they don't.
The now defunct propectus for the abandonned Hampton IPO makes good reading to understand all of this http://www.hamptonmining.com.au/. Gotta love the internet.
Cheers
Matt
copper , page-9
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