Imo Essar are cashed up and ready to go with a take over. They have dropped their offer for Rocklands, which co-incides with their private jet breaking down whilst performing due diligence on CCD.
If you know your basic maths, 1 plus 1 equals two, but in this case 1 plus one = takeover. they like what they see at CCD, and believe their money is better off invested here rather than at rocklands.
The Indians have too much cash and not enough coal. CCD is the answer in fullfilling their thirst for this commidity imo.
- Forums
- ASX - By Stock
- essar in central queensland
Imo Essar are cashed up and ready to go with a take over. They...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CCD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online