If the FIRB don't approve this deal stock price will go free fall but it won't be game over total game over for MOL and might be an opportunity to pick it up again cheap.
Initially FIRB didn't approve OZL the full sale of assets to Min Metals but they still managed to find a compromise deal and the OZL shareholders have actually got a better deal in the end.
The Chinese want in here.... and I think they'll take whatever they can get so if the FIRB knock back this re-cap I can see it being re-jigged to get approved.
But I would rather they just say yes so IO production can get underway.
Do we know if the FIRB has set a date to review? As it would be great if we got an answer before the SPP is due.... hehehe
MOL Price at posting:
86.5¢ Sentiment: Hold Disclosure: Held
