EER east energy resources limited
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gvk to buy 50% hancock $2.2b

  1. zinvestor
    2,917 Posts.
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    26/08/11
    11:30
    Post #: 8876799
    GVK Power to buy Australia's Hancock Mines for $2.2 billion

    http://economictimes.indiatimes.com/news/news-by-industry/energy/power/gvk-power-to-buy-australias-hancock-mines-for-2-2-billion/articleshow/9740714.cms

    $1.3 billion for 50% from earlier reports for the Alpha Coal and Kevin's Corner mines about 0.34c per tonne.


    EER 1.2bt x 0.34c = $408m - 60% = $163m

    EER extremely undervalued and a resource upgrade in next few weeks to come.


    EER Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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