TER 2.33% 21.0¢ terracom limited

Ann: Dividend Declaration, page-196

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    Bluff isn't the reason for purchasing / merging with BCB. Burton is where the LOM extension would come from.

    I'm not sure TER would be too interested in taking on BCB's debt though, bearing in mind their EV is probably higher than ours. Make they plan to take a stake in specific mines, and the cash injected by TER would go towards paying down their debt. This obviously make sense if TER can either raise their own debt or equity at a cheaper overall cost than what BCB's debt is.
 
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