UMC
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0.00% $1.30 united minerals corporation nl

Even if BHP is the first bid, we dont necessarily need FMG to...

  1. 3H
    5,864 Posts.
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    10/10/09
    13:10
    Post #: 5759953
    Even if BHP is the first bid, we dont necessarily need FMG to come over the top with a scrip bid.

    How about:

    (1) CRM agree to build a rail line to FMG (their contribution to a JV with UMC.)
    (2) FMG grant access to their rail on commercial terms.

    Over time this option gives us at least a minimum $5 shareprice.
    UMC Price at posting: 91.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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