re: takeovers and schemes of arrangement
comuyamu , the best option would be to buy the FP in the low 8 cent range and if the post from 2ic is correct make a %300 profit at takeover.
from recent post by 2IC
My call is that Barrick will make the bid (circa AUD$130M) to also assume control of all the other Tanzanian properties and flick Asmara to Sunridge for a pre-arranged share/cash deal circa AUD$50M.
SBS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held