march qtrly, page-24

Totally agree Gutumike.

Synergies are apparent (esp with Henty mine and adjacent EL) cash box, potential tax benefits, larger MC and its consequent financial opportunities - just as eg this morning's enhanced finance facility ann. by BSM.

WHether the working capital facility allows for making smart takeovers on good terms which may/may not arise from this suggested play, is unknown but I suggest, on the back of the envelope, BSM could undertake this move in its stride in the June Qtr by holding back the June Quarterly profit to near neutral.


AT a fair price for for both parties UML holders could get into immediate upside with a Win/Win and sweeten the sour taste from the BDG fallout.
Better to transfer your cash into a co that is using its cash to grow, rather than blow!
- ----That's all from Jo


Disclosure: I am a committed BSM Holder most happy with my parcel and its future.