Change of plan by MOL. They are now offering QMN holders 17cps, or about $50m for the whole company. This is a better proposal than spending around the same amount just for the White Range Project, though it is still a crap deal for non Hanlong shareholders in MOL imo. I would have preferred they just hand back the cash to MOL holders and wind the company up, then we could've decided how best to invest our own cash instead of Hanlang making a decision.
MOL Price at posting:
6.9¢ Sentiment: None Disclosure: Held