takeover with no premium, page-10

apparently Baxter wants to turn the company into a Western Mining

He wants access to more capital to do that.


.....ConsMin expects to have more opportunities both organically and through acquisitions with the additional private equity backing.

"By having the support of a cornerstone partner and investor we'll be able to accelerate the projects we already have in our growth pipeline and continue to pursue increased production from our existing operations," Mr Baxter said.

"With better access to capital and to global opportunities, we'll be able to take a much more active role in the consolidation and vertical integration in the resources sector."