Totally agree.
The new deal with TOHO effectively kills any potential take over (unless it is too-good-to-reject, e.g. around 50c).
As a long term holder, the deal with TOHO is excellent. It paved the way for CBH to grow and recover its SP.
If China can sustain its growth rate, and US and Europe continue with their recover, I believe the SP will be around 50-60 in 12-18 months.
The deal with TOHO is much better than any other possible take over deals right now (in 12 months, it is another story). I am acturally quite worried if the Dutch comes back with a revised offer say 20c.
I still believe it is worth for CBH to consider a deal with PEM at broken hill. Surely it is a win-win.
Well done. CBH management.
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