notable is the continued speculation re BHP / OZL whereby media is speculating that BHP may increase their offer to get it done
having a look at the demerger docs for CPN from Cassini, this will be very interesting.. Without going into legal details and purely speculating, I believe that a change of control at OZL, would 'satisfy' the conditions for the contingency payment to CPN for a sale or part sale of any interest in West Musgrave and it would actually be a 100% sale of West Musgrave to BHP.. What the implied value for WM would be as part of that transaction is unclear but the implications for CPN are significant..
it could mean a $10M - $20M settlement.. happy to be proven wrong
GLTAH
CPN Price at posting:
84.0¢ Sentiment: None Disclosure: Held
