Announcement out by MAL. I would probably now value MAL at maybe 10-12c.
TTY's holding (about 25 million shares) was bought at an average price of about 45-50c. So I reckon on paper they've dropped maybe $6-9 million on MAL. Of course the coal direction may come good any all moneys will be recouped.
angus
Announcement out by MAL. I would probably now value MAL at maybe...
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