In terms of WestTrac I guess given the issues they had about the security of holding onto CAT a company like IDL could have synergies. Did they end up merging with Channel 7 I think was with Kerry stokes involved in both ?
Just read a good report on IDL from nz first capital upgrading their price to .60c from .50c based on the conversion of Bonds to debt that was announced yesterday.
What other listed companies are there in the mining leasing equipment that could swollow up IDL ?
Would it interest a major miner, or would their mining compeditors feel uneasy about buying off a subsidary ?
IDL Price at posting:
$1.46 Sentiment: Buy Disclosure: Held
