MMX
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0.00% 4.7¢ murchison metals ltd

If you read the Buyback documents you will notice that there...

  1. g12m0
    3,924 Posts.
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    01/10/13
    22:33
    Post #: 12395461
    If you read the Buyback documents you will notice that there were Mickey Mouse provisions that were put in the calculation of MMX NTA. Compare that with LICs (WAM, MVT, CYA etc) NTA calculations. No such provision exist. Take those provisions out and I calculated NTA is about 4.8 cents prior to Buyback. After buyback, MMX should now have an NTA of 5.1 cents.
    MMX Price at posting: 4.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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