Wel spotted Busting.
lets not forget WGR's apparrent 80M debt on 80M equity is half the leverage of MYG's projected 75M (plus 11M existing) on 40M-odd equity.
Our July mkt isn't quite what Feb was either.....don't we all wish it were.
We're all agreed MYG looks to have value. For mine, the place to enter is in the equity/placement /rights issue which completes the finance package once it is negotiated and its terms announced.
three banks jockeying to finance deflector., page-32
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