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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