I doubt MHL are looking at farmins. They are trying to raise alot of working capital on the presumption they are footing 90% of the bill.
And to be honest, im not interested in selling a 10% stake for a minor instant profit. Whats the point? unless we fall short and need too.
Im not as supremely confident as youare about the demand. I think they will get what they want. They obviously have rang around enough to establish a 0.5c benchmark.
But by the same token they havent stuck their necks out and underwriten the placement.
MHL Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
