NTU 0.00% 2.4¢ northern minerals limited

Hi Pete,I refer to my earlier post on BR valuation. One the one...

  1. 203 Posts.
    Hi Pete,

    I refer to my earlier post on BR valuation. One the one hand, the Board is right to withdraw the 16% sale of BR to CY if the BR is worth a lot more than $162.5m. But again, who controls the Board? CY!!!

    One the other hand, it is cheaper for CY to fully control NTU. CY should have a pretty good idea what is in the ground. It all depends on what sort of game CY wants to play. I believe the retail shareholders are at his mercy on his possible takeover play.

    DYOR
 
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