Guys - I'm at work at moment. Can't comment in detail. There will be a BRR to explain deal more fully. DT is the one driving Colombia, along with other SA boys like Johan B. From what I can tell the acquisition is outstanding. Sioc cash has to stay in SA - it is earmarked for SA projects, as required by Sioc. Same goes for Edf funds - linked to SA projects.
We are getting a producing mine with current 75% profit margins with HCC. Do the maths. 50yr mine life plus further resources to be unlocked. Diversification away from SA. Colombia is a great place to do business. Do some research.
If the deal adds such great value how can it be dilutionary. As for CN with Bergen - I am unfamiliar with them, and it remains to be seen what they will do with their shares & options.
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