so lets assume sino will takeover mmx how much they have to spend...
obviously if they want share holder approvals they need to offer around $1.5 per share
with 435m shares it will be atleast $1.5b now JH funding required approx $5 billion
how can sino afford $6.5 billion and mind you i havent added OPR sell value in it because I simply cant calculate it... Barnet already repeated a sentence couple of times saying "They have six months and if they cant show funding arrangement without delays in a sense project will revert back to Gov"...that should ring us bell as a murchison shareholder...
mmx is fixed in properly by a politician mate...Martin talked about selling JH but posco is only their for JH ore ...if they sell it why whould posco needs to be there...
I am sure they will be waiting for six months and sino will just get into OPR with only $50m
what option would u choose if u r sino CEO...
$50m for OPR after six months or $7.5 b for buying murchison outright...
MMX Price at posting:
66.0¢ Sentiment: LT Buy Disclosure: Held