BCI 4.08% 25.5¢ bci minerals limited

glencore, xstrata and iron ore?, page-5

  1. 624 Posts.
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    OK Guys, here's my thoughts.

    Gennadiy wants to move out of Australia to Africa.

    Last year there was speculation that he would relist Consolidated.

    “We’ll make the call in the next 6 to 12 months about how we would do the listing and where we would do the listing,” Glenn Baldwin .....said.
    http://www.bloomberg.com/news/2011-06-24/bogolyubov-s-consolidated-minerals-studying-ipo.html

    Bogolyubov also tries to deflect speculation that he is planning an initial public offering of ConsMin that would involve him selling down a big chunk of his stake, potentially valuing the company at up to $2bn.
    "Everything is possible, but we are cautious about the market," he says. "If we do it, we do it at the right time."

    "Australia is a good country but production has become more expensive. So my investments will concentrate more to Africa. Maybe capital will move from here to there."

    http://www.theaustralian.com.au/business/companies/ukrainian-billionaire-sees-limited-future-in-australia/story-fn91v9q3-1226144945378

    No maybes Gennadiy.
    You want to sell your BCI holdings and who's the obvious choice? Regent.
    The proceeds go into Consolidated.
    Consolidated gets relisted.
    You get your money.
    You move it to Africa.
    End of story.

    EXCEPT, you want a good price from Regent.



 
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