"RNI has the flexibility to repay the $23 million Taurus debt via a combination of the proceeds from the Company’s pro-rata non-renounceable Entitlements Issue (see ASX announcement 19 October 2015), the issue of RNI shares to Taurus for up to $2.5 million and the orderly sale of the MLX shares." RNI announcement 20/10/15.
This is turning out to be good support considering initial sentiment towards the ABY bid.
Looking forward to the quarterly. Hoping it may shed some light on this copper strategy.
DYOR IMO etc
MLX Price at posting:
$1.33 Sentiment: None Disclosure: Held
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