i tend to agree
a t/o is a logical move to centralise it as an Indonesian asset and export coal ex Indo
It will be a cheap t/o at 40c to 50c once both mines are in production
look at the indonesian takeover of stanmore coal
total control is the best option for many stocks thats why we see mergers and takeovers
if it were me and in this situation a full t/o is the logical step to gain control of a coal company with a npv of $1 for only 40c to 50c
Ann: Update for BBM Project, page-34
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