Legacy has already paid... With 50% of its company... Not something any company with a rapidly increasing resource base would do.
For that sacrifice, Legacy has strategically become an NMDC Group Company and now operates as the Group's exclusive Australian arm.
So envy or disbelief aside, Legacy will be the only vehicle to carry out this JV with Minemakers, without having to justify why that arrangement is such because all this would have been part of the low ball offer anyway.
The market will soon wake up to the fact that Legacy is not another new party to any NMDC deals already in negotiations in Australia. Legacy is now NMDC in Australia and as a result, will be the JV partner for any JVs or the shareholder in any company equity that NMDC fancies. Mystery solved.
nmdc-minemakers deal likely by mid-february, page-9
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Last
1.1¢ |
Change
0.001(10.0%) |
Mkt cap ! $29.74M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $14.12K | 1.311M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2012302 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 996420 | 4 |
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| Last trade - 14.30pm 15/11/2024 (20 minute delay) ? |
| AEV (ASX) Chart |