Mining Advisory Consultants-(Singapore)—are raising us $6.47m at 4 ;5 and 6cents— Fully diluted they will acquire around 27%
MAC acted for Bumi in the recent Herald Resources bid—extremely well connected Client base. Principal Paul Willis was a director at Jardine Fleming HK—bought 10% of FMG at market cap of $60m— Considered somewhat of a guru--.
We believe they can assist greatly in fast tracking Pungkut development
ORP Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
