first time i have posted on this thread, but I have been following and am familiar with BWN and BSL
Can anyone provide any comments on clauses 3 and 4 of the MoU with Bhushan
iv. BSL to be granted the first refusal for the development of BWN’s existing and future Coal Projects
v. BWN will retain a 10% free carry interest in any Coal Projects that BSL exercises its first right of refusal
10% seems a bit unreasonable to me?
Coal, particularly coking looks to be very strong next year.
I have been looking at some recent transactions around BWN's assets, Middlemount, Cook and Humbolt and they look promising - an I also notice that Norton Goldfileds hold EPC1033 and state in their annual repor that they are assessing options, another deal on the cards perhaps?
Interested in peoples views
balthazar
BWN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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