i seen Sage and CFE being mentioned here few times... my sentiments r that they were planning on spending the 90M(?)-odd from cape lambert iron ore that chinese still had to hand over on this deal... but mhl went thru, but cfe hasnt got that money yet... so now they all hav some work to do... ce gets the 47M (?) cash from stirling deal, so still some there...
i think that even at .005 per share, if mhl raise the 90M (?) required, there is still a 3-bagger in it, as the increased production and exploration exposure will easily make the sp get there...
this deal wud fit in nicely with cfe putting up the cash, taking the absolute majority of mhl (via convertible note?) or straight out equity, and then offloading it to a bigger oiler in a yr or 2 once production is on path of increasing and some exploration has been done perhaps...
MHL Price at posting:
0.4¢ Sentiment: None Disclosure: Held
