re: News: Murchison Metals to merge with Merc...
Guy's,
Wishful thinking. If you look at December's Quarterly activity statement the MMX is burning around $140k per Quarter, so based on a end June payout date that's $280k at least off the cash balance which equates to $0.001 at least. The cost to do the legals and the paperwork and make the payments and have a vote will cost at least another $300k which is another $0.0011 per share.
So I would say the payout will be closer to $0.048.
Good luck, I sold out at $0.049 some time ago!
MMX Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held
