MUM 0.00% 0.0¢ mount magnet south limited

sorry mate. last time it sold to cook and newman for 18...

  1. 1,868 Posts.
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    sorry mate. last time it sold to cook and newman for 18 million.. they sold it to harmony with other assets for 228million 5 years later.. it has now had the guts ripped out of the underground, and is no longer economic.. so what would anyone be buying.. lots of plant and infrastructure and not much gold.. do you think they will leave any gold lying around for the next mob. they will go flat out over the next few months to recover all they can.....i doubt if its worth any more than 50million, and that is well within the capabilities of mum.. whats the point of another company paying hundreds of millions for something they cant use.. ie, no gold to mine no point having the plant. mum is in the best position to utilize the asset and i predict they will bid for hill50..good trading to all.....
 
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