So how is this likely to play out. The Indians take a placement at a small discount for half the company in the end this will only raise 100 million, then I guess they will have to tip in the rest of the cash to get wonarah up and running say 500 million obviously this will not come without a cost. Is MAK being set up to be a loss leader for the Indians while they make hay off the upstream processing? Will be interesting to see if current holders are able to squeeze any value from the situation. Good longterm thinking by the Indians buy a huge marginal rp deposit for bugger all knowing that in 10 or 20 years it will probably be solidly economic, 10 to 20 years is a lot of bottom draw time for MAK holders however.
AEV Price at posting:
42.5¢ Sentiment: None Disclosure: Not Held
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