.takeover ......pt timah

From Bloomberg ....Pt Timah ,Indonesias largest tin miner said yesterday it is considering an Australian aquisition . We are trying to buy mines ,both overseas and local ,the corporate secretary Abrun Abubakar said in a phone interview ." its a very preliminary consideration "
" Aquisitions will be good ,it can increase Timahs tin reserve or expand to other commodities " the article was quoted as saying .This indicates a real threat to MLX in my opinion .Pt Timah's growth will be hampered by tin quotas imposed by the Indonesian government .Pt Timah is in talks with banks for 4 trillion rupiah in loans for acquisitons .It doesnt take a rocket scientist to work out which company will be a prime target for them ,with MLX way underpriced ,and being the only tin mine in Australia, Timah would see MLX as a juicy plumb ready for picking .Tin is their area of expertise and would be an excellent choice for their first foray into overseas acquisitions . I believe Peter Cook was recently in Asia promoting MLX at the recent International Tin Conference ,that I am sure representatives of Pt Timah would have attended .Putting 2 and 2 together its not too hard to see how there would be interest created .Timah also have concessions for mining coal and Nickel in Indonesia . This indicates they have an interest in Nickel .What else does MLX have ,Yes Nickel ,and world class by any standard .
I recently wondered about APACs huge sudden interest in MLX acquiring nearly one fifth of the company .They are an investment company .The question is ,could they be working as an agent for Pt Timah to position themselves to gain control ? APAC may only be interested in making a profit ,and what better way to make a quick killing than to sell out at a huge profit in a takeover situation .Could there be a mutual interest here ? Even if there isn't APAC are investing to make a return ,and this would be a lucrative situation for them .I also wondered at the drastically under valued share price .Is it possible it is being kept low for a takeover ?
Sure ,this is just speculation ,but the article from Bloomberg is not .Pt Timah are on the prowl in Australia ,and MLX is THE prime candidate .Its not too hard to imagine them borrow from the bank ,and also have a capital raising to offer 80c for MLX ,and still get a bargain .Unless the share price rises fast ,there is a very real chance Pt Timah will come knocking .
The full article is on Kitco Metals if anyone wants to read it .