Ok, I've had this on my mind for a few days now from reading the news (now turned rumour).
"NMDC will take 15 per cent stake in the mine, possibly the Ridley mines at Pardoo, while Boulder Steel will pick up five per cent share holding whereas ABS Consulting will have 55 per cent equity of the mining project"
*** 15% + 5% + 55% = 75%, this is more than what AGO wishes to sell.
"NMDC will buy 10 per cent stake at USD 70 million and would get five per cent stake for free for providing its technical expertise," the source added."
*** Why is NMDC paying USD 70M but only worth 15% of the 230 million USD total. Someone not get their maths right?
worst rumour of all time?
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