Keen investors in this sector could not have missed yesterdays financial results presention from PEM......where they make it clear "Mergers and Acquisitions" are on their agenda. Go to slide 23.
Pem have $160 million cash and will pay out a whole 4 cent dividend for 2006/7.....that 4 cents per share will cost the company only $8 million.
From that slide 23....this is some of what they said:
Diversify Perilya cash flow
Focus on base metals with strong fundamentals
Production capacity comparable (interesting)
CBH's new Broken Hill mine is sandwiched between PEM's existing North and Southern Extensions mining operations.
CBH's 25% major shareholder would have to agree to any move on CBH by PEM.....and I am not sure how keen they would be.
perilya and cbh just a maybe
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