LST lion selection limited
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its all happening

  1. michinyon
    6,716 Posts.
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    15/05/08
    13:42
    Post #: 3717960
    Geez a bizzard of news today.
    Xstrata wants indophil.
    Lion agrees to sell its signficiant IRN holding to xstrata
    Lion agrees to sell cracow stake to Beadell.
    Lion going to have a lot of cash after that.

    So 70% of Cracow is worth 200m
    and 30% of Cracow is worth 80m

    Beadell apparently paying 280m for Cracow.

    Lion is handing over 30% of the mine for 28% of the cash. Looks like Newcrest got a better deal than Lion.
    I wonder why.



    LST Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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