Bubs, makes a fair point….but there are many ways to structure a deal and I for one think a JV makes sense on Cane Bore. Leverage MIN RES capability FOB $45US+ a margin still leaves a good profit for M4M, gets it to market sooner and generates cash flow to fund the leg work on the other opportunities. From memory top 20 shareholders hold 40% of the stock and top 50, 60%. Pretty sure they’ll be keen to limit/ avoid dilution and history suggests none are in a hurry to sell down their positions. Given the growth ambitions MIN RES has for its iron ore portfolio and Onslow port this feed source on the surface looks like a no brainer.
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Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $122.3M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.4¢ | $85.61K | 2.446M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1597567 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 129415 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1460803 | 0.034 |
7 | 382076 | 0.033 |
2 | 130000 | 0.032 |
3 | 849000 | 0.031 |
4 | 460000 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 669930 | 6 |
0.037 | 695828 | 7 |
0.038 | 793485 | 5 |
0.039 | 586000 | 2 |
0.040 | 3265625 | 5 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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