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.
Bubs, makes a fair point….but there are many ways to structure a...
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $111.5M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.1¢ | $72.57K | 2.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2451548 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 1790900 | 3 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| M4M (ASX) Chart |