Quite clear to me what's happening here
20% of Wingellina paid for by Jinchuan in MLX scrip
If MLX were building a warchest for their share of the Wingellina development costs, they would have sold that 20% for cash
MLX freeing up scrip as part consideration for a full tilt at WGR? That's my hunch
MLX up to $104m cash now
Buy the remaining 77.5% of WGR through a combined cash/scrip deal, say the 176m Jinchuan shares in MLX plus $50m cash
Then use the remaining $50m cash plus cash from sale of IGO shares to develop Rover
Then use the licence to print money at Rover to fund Wingellina
Simple really
Cheers
Quite clear to me what's happening here20% of Wingellina paid...
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44.0¢ |
Change
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Mkt cap ! $394.5M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.5¢ | 42.5¢ | $477.5K | 1.095M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 223 | 44.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 104353 | 7 |
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