I see possibility that Conti might be fully sold by end of this year. I assume whoever buys Conti's business , buys it with all associated debt and pays to shareholders several times the currnet price. ( I am happy if word several was meant be 5 or 6)
Come on Conti management, do some good work for shareholders.
"The Company advises that indicative non-binding bids
several times the Company’s current market capitalisation have been received for an outright
acquisition of the Company’s South African thermal coal mining business.
Final binding and committed offers are scheduled to be received by the Company at end of the
current quarter and subject to the offers received the Company anticipates completion of the
transaction by the end of the year."
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