So with a BHP/AAL takeover/merger out of the way for 6 months at least (notwithstanding the possibility of another bid for AAL by others starting the adventure anew), does S32 approach AAL re buyout of its 40% of GEMCO? eg "we (S32) as operator will need AAL to contribute (say) US$200M for repairs and delay until revenue starts coming in again in 9+ months time, OR we could buy out your share for US$400M plus a little contingent future profit share of up to US$100M"
S32 Price at posting:
$3.94 Sentiment: Buy Disclosure: Held
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