They were careful not to quantify the "interest" in Trinidad, but they have said raise between $75mil-90mil so you can read between the lines and assume we are going after a big chunk.
We only need 2bil shares to SOCA and $59mil cash to purchase full 90%. However we need some cash to advance the project. Looks like close enough to 90% IMO.
Still no details at all about the raising price, but as I've said before WE the current shareholders need to approve everything at an EGM. So it cant be too heavily discounted.
Atleast we can enjoy Xmas and not think MHL until January now.
Goodluck and Merry xmas.
MHL Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
