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0.00% 2.0¢ emperor energy limited

Well BHP just sold their diamond business to Harry Winston...

  1. Lithium_Bull
    1,605 Posts.
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    15/11/12
    12:31
    Post #: 11004203
    Well BHP just sold their diamond business to Harry Winston Diamond Corp in Canada for $500 million. So they do have some money to spend and going by what they said they want 'large, long-life, low-cost, expandable, upstream assets'. That brings to mind the oil/shale gas assets in the Canning, Perth, Browse and Cooper basins.

    References:
    http://www.theaustralian.com.au/business/diamonds-arent-forever-bhp-sells-canadian-stake-for-478m/story-e6frg8zx-1226516939440

    http://au.news.yahoo.com/thewest/business/a/-/wa/15365610/bhp-ponders-canning-shale-gas-push/
    OBL Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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