SBM have snared themselves a bargain here but it was always going to be a tough sell as BDC were at a disadvantage not having the capital to progress this further. I notice that the terms include a provision to match in the event of a competing proposal for the BDC assets. I assume that both NST and Norton will consider the SBM offer and determine if it's in their interest to lodge a competing bid. SBM have several advantages which make them the ideal owner so will just have to wait and see how this plays out.
In any case, i'm happy to see this come to an end.
I'm now looking forward to the in-specie spin out of the manganese assets into a battery metal company. As suspected, they will look to take this public through an IPO of sorts.
- Forums
- ASX - By Stock
- BDC
- Ann: St Barbara to acquire Bardoc Gold via scheme of arrangement
Ann: St Barbara to acquire Bardoc Gold via scheme of arrangement, page-5
-
- There are more pages in this discussion • 124 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BDC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online