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.
- Forums
- ASX - By Stock
- march qtrly
Totally agree Gutumike. Synergies are apparent (esp with Henty...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UML (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online