Just saw your post ref the 3.2m.. It wasnt a value they put for mga..It was an amount owed. ... Therefore it's a debtor. hence why whoever purchases mga will owe ecr 3.2m... that value WILL need to be considered as part of the transaction..ie DEDUCTED.. If the cash is to be paid back.. gl
Check out LG's posts he has some solid logic behind his expectations, and he is often on the button, which he has put on this BB many times recently - though in AIM nothing can be taken as red until it happens! - as always DYOR & GL
CNR and YA will have a better inside line than those who claim to know sc and pj plans.. and yet they clearly don't see merit in holding...strange ..
Again today folk talk about mga at 3-8m squid.. yet no mention of how they offset the 3.2m already booked by ecr....
Don't be too surprised if a deal is geared to primarily just get that amount in cash and little else IMHO. ..
That amount would be more beneficial than its booked value as it isn't worth as much until it's actual cash... and if couse then pj and sc can get to work with it on slm or otogon or wherever there is meritable investment..
That would of course also benefit holders in preference to a ya drawdown ..
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