Banpu , having bought 12.4% stake of Hunnu @ 1.50 ps in March have pitched a bid at a 25-50% premium to the last closing price of AUD 1.385 or ~ AUD 375M. So consolidation is under way ..even at this end of the market. Augurs well for CEO ..and am certain Board will consider carefully whom they select as cornerstone investors .. in shareholders interests at this stage to have non trade players [unless they can add value for shareholders]until Management adds a lot of value in its own right..and then sit back and see what transpires.. There are some interesting possible scenarios: What is the most scarce resource in our game ?= Management expertise - Thus imagine Banpu approaching C@ to take a stake and/or JV to manage a group of assets ,including but not limited to Hunnu? The game just became that much more interesting for C@ sholders IMHO..wouldnt be surprised to see sp movement in coming weeks...patience Comrades
CEO Price at posting:
9.0¢ Sentiment: LT Buy Disclosure: Held
