The market valued KNL at 20cps when everything was fine. I personally valued it much higher. Giving away a 16% free-carried interest plus the added risk already has had a significant impact on the SP and it may get worse yet.
As for MNS, well at +50c I believe it was significantly overvalued. The fundamentals just don't support the MC imo. MNS already had the unenviable task of getting ~US$270m to fund Nachu - I believe this just got much much harder. I believe MNS is in for a very big re-rate.
I think the longer that MNS and KNL can stay in suspension the better off they'll be.
What's Happening in Tanzania?, page-118
Add MNS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.37M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| MNS (ASX) Chart |
Day chart unavailable