This is an important deal for Theiss. They need to look at getting into the metal mining more - long term the coal industry is not the place to be - a very strategic move by them. Personally I thought that MACA were a target at current prices and I am happy at the offer price the premium is reasonable. Like another poster said I will be looking for investing in another company offering a similar yield and it will not be easy in todays market.
MLD Price at posting:
98.5¢ Sentiment: Hold Disclosure: Held