MGO 0.00% 14.0¢ marengo mining limited

If everything goes as planed the PNG goverment would acquire a...

  1. 2,824 Posts.
    lightbulb Created with Sketch. 125
    If everything goes as planed the PNG goverment would acquire a 30% interest & fund its pro-rata participation in the Yandera Project development. Remaining 70% should be funded by NFC using sindicate of Chinese bank. So not so sure about dilution unless NFC want to come on board.If Petromin decided to take 30% then they would pay MGO around $40M~$50M for money spend on project so far.
 
watchlist Created with Sketch. Add MGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.