If there were any merger talks with SBM, definately the Simberi asset will be written off/divested in any negotiation. RMS has always been clear they are not willing to invest in countries with higher political risk, and sticking to safer jurisdictions of Australia and North America.
As for the SBM holders, it has been a terrible investment and destruction of capital. I forget the name of the company they took over to acquire this mine and another pacific dog which they quickly divested. It really was a case of a liar salesman standing next to a hole, however SBM management at the time needed to take full responsibility for their actions.
If Simberi and other blue sky rubbish is excluded from negotiations, its worth a chat. However I feel these mergers are to pay management and consultants, and not the benefit of both companies shareholders.
If there were any merger talks with SBM, definately the Simberi...
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