Yep agree with most posters here today. Feeling deflated but also happy or relieved to finally draw a line under the "BDC experience" . I suspect this will be a very good deal for SBM but not sure at the moment that I want to be a long term holder of SBM who have had there share of turbulence over the past 5 years.
I will be happy to walk away with the SBM shares and probably sell some of them to increase my holding in highly prospective projects like ADN and other similarly attractive projects.
Very happy we will retain the manganese project as it may become very valuable in the next decade with the electrification of cars. From memory the manganese content there is above 10% so it has a real chance of being developed if the manganese price goes higher. Manganese is a component in advanced batteries such as will be used in Tesla's etc
Chrs W2
BDC Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
