I think NHC will want to keep it's Billion+ in the bank to...

I think NHC will want to keep it's Billion+ in the bank to finance expansion IF this deal with MCC goes thru.

After all MCC shareholders get No Cash from this Glouster Deal MCC Management is determined on.

Also I think a combined NHC and MCC would be wanting cash for the Qld Gov't Rail and Port Sell OFF.It could be much better spent in those kind of developments than being handed out to MCC Shareholders.
Also didn't one of the Big Shareholders pay $20 for their MCC stake?and aren't these Big Shareholders 'concerned' with surety of Supply for their own Steel Furnaces?

I haven't fully researched this deal.Only have a middling size NHC holding but if NHC does takeout MCC,it'll be a fabulous company to have a sizable Long Term Hold in.

Don't forget NHC will get a chunk of AOE's overseas assets that are going into a new IPO called Dart late this year.

NHC will be specialist in a lot of energy avenues and that's another reason for them to keep the Money in the Bank.Emmission Regulation Compliance.

anyhow,I'm not anticipating a MCC cash offer by NHC.I'd be disappointed if they did.