S32 0.32% $3.10 south32 limited

Absodoodle!BHP has no use for 40% of S32's Manganese business if...

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    Absodoodle!

    BHP has no use for 40% of S32's Manganese business if it wins AAL. It would appreciate a quick clean exit for cash, given the complexity it faces in divesting other unwanted bits of AAL. GK & team will happily oblige.

    We dont know price, suppressed by cyclone damage to Groote Eylandt.

    S32 emerges a stronger business.

    GK would likely put his hand up for AAL's Ni mines too. He has plenty money on hand from selling Illawarra and banks would happily lend more.

    Ash
 
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