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Morning Trading August 30, page-163

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Raul13

7,262 Posts.

215

30/08/24

12:52

Post #: 75454915
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Originally posted by JoeBlow: ↑

MCM math: Basically they are going to inject $90 million USD ($132 AUD million cash) for 51% share of MCM and adhere to a new management plan for expansion, the SOI's will increase a tad over double what they are now but the market cap will over double as it's only $76 million now but getting a AUD injection of $132 million with a strong future. From the buyers perspective why reinvent the wheel when you can just buy one

"accelerate the broader strategy ofthe group to develop its various tenements in the Vhembe region of Limpopo Province, including theGreater Soutpansberg Projects (GSP) and the Vele Aluwani Colliery (Vele). KDG is an integrated coalmining and trading group"

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MCM.... free float is small, shakes will be violent but something tells me accumulation in play

surely anything under 30c is good buying?
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