It's interesting you should say this BM.
Sandfire resources has now made it clear that they are on the hunt for cheap copper acquisitions.
See:
http://www.copyright link/business/...ma-hunt-as-copper-price-falls-20160830-gr4ahi
I have no doubt in my mind that this equity investment coy is looking to ride the ever increasing possibility thagt TGS will be taken out. Sandfire, who generated 46 million profit in this environment, paid of 70mil in debt and turned cash positive, could easily take out TGS.
If we see more buy ins from this equity firm of up to 10%, then things will start to get interesting.
We should also see the 'africa down under' presentation at some point over next few days.......that should tell us somthing about outlook.
Leec, you may well be shouting the drinks just yet.
