"I hope that they will not be forced into a fire sale and just use the excuse in saying that it is no longer a core asset of ours" Buddy a real possibility
As from Raralls post
"now in negotiations with one party"
It is plain to see that the "Over 200 meetings with investors and brokers held since February 2011 Presentations at investor conferences and broker briefings in Melbourne, Sydney, New York, London and Singapore"
Clearly failed to flush out more than one "firm" buyer out of all the tyre kickers which is not good for us as no competition for the Mungi project means no rival bids and thus probably a lower sale price than we would have hoped and if they need cash they will be tossing up "take the lower offer or capital raising in a 6-9 months".......what would you do?? Remember "bird in the hand" Vs cost of capital raising and dilution of holdings possibly drastically if markets head down further and as does our SP and they will want alot of cash for their plans!!! More peed off shareholders...... Tough call aye!! or not......
MPO Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held
