Based on a name change?
I do have to wonder the reasoning behind the name change
- based on what MNS paid for C4Vs 8% share in IM3NY (~1.7m), the entire IM3NY is valued at ~US21m so say AUD30m
- and MNS' share of that is 41% which is worth AUD12m
- current MNS market cap is AUD183m so what is the other ~AUD170m attributed to...if anything, this company should be called Nachu Mining (even if it's just to remind mgmt what is keeping the price above 10c)
Ann: Change of Company Name, page-5
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