MRM 0.00% 33.0¢ mma offshore limited

Ann: Becoming a substantial holder-MRM.AX, page-22

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  1. 3,607 Posts.
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    AHS

    all of the major co's that have been forced to do large cap raisings - have been done at 20-25% discount to 'theoretical ex rights price" (STO/ORG/iron ore/contractors)..

    basically as in above post.

    I mentioned previously that the market doesn't know "how much" of asset sales must be direted towards repayment scheduale. the last announc. by the company suggests that the amt done to date is not sufficient ....

    rgds
    V_H
 
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