MMX 0.00% 4.7¢ murchison metals ltd

facts, page-10

  1. hws
    613 Posts.
    A3aziz
    No it wonn't, if MMX 50% of OPR is sold and OPR goes ahead then MMX will recieve -
    1)Substantial payment from Mitsubishi for Mitsu's 50% of JHEP.
    2)Some compensation or payment for their 50% of OPR.
    3)Mitsu are required to provide Murchison up to $400m in contingent equity facilities under "Umbrella Financing Agreement" with MMX.

    Not sure what all that will add up to but it will be a significant part of $1.85b, MMX then be in a position to arrange debt funding for the remainder (which Mitsubishi has to do under the Umbrella Financing Agreement)

    Do some research!!!
 
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