takeover target , page-7

The takeover speculation of this thread seems a bit spurious to me.

1) The original discussion about takeover discussions was in August last year. Nothing has happened since then.

2) The current year's operations are humming along nicely. EPS should be about 21 cents for this year and at least twice that in 2012/13. Why would you sell now when you can expect to double to SP within two years, just by sticking to the operation plan. No takeover will give you a 100% premium on the prevailing price, as the ops plan will.

3) The Eeyla Complex – The Emerging Copper Story could be huge, but we don't know that yet. No one should logically bid and no one should logically sell without knowing more about the potential of the Eeyla Complex. This could be worth $1.00/share or more. Any bid before this is known, would be a gamble for both parties.

Yes it is possible that a precocious bid could be made in the near future. But, in my opinion this would only be made by a gambler with deep pockets and these days caution not gambling is more in vogue. If it did emerge it should be fought and fought and fought until management realise the full potential of this company.

K