monarch takeover, page-29

If the AFR is accurate about a revised deal for Mt Magnet (and it seems to be reporting just MK's best estimation of the terms, which have still to be confirmed), my back of the envelope calculation suggests the number of MON shares will rise to around 400 million (assuming the placement and scrip values are set at 25c). Its not clear whether there are also convertibles notes in the prospective mix.
We will see I guess.

Best of luck to MK, his MON team and MON shareholders.

Happy to be corrected on the above of its off base.

angus