RES takeover target

Did you all see the article in the Fin Review yesterday re South 32 spin off?

If not, I recommend you read it and let us all know your thoughts.

Essentially they are spinning off assets from BHP which includes coal energy project in South Africa.

Not sure if this is located near Boikarabelo - PITMAN do you know? Apparently the projected returns on this coal project are very healthy which is consistent with RES projections.

They are looking at m&a activity to grow their portfolio and interested in areas they have existing projects.

Anyways.. Food for thought. Keen to hear others views.

Note they also have a 1.5bill revolving credit facility.