samtam and springsure creek, page-2

http://www.businessspectator.com.au/bs.nsf/Article/deals-Rio-Ivanhoe-Pac-Brands-KKR-TRUenergy-CLP-Oyu-pd20120125-QTQZQ?opendocument&src=rss

Bandanna Resources

Queensland coal explorer Bandanna Resources was slapped with a speeding ticket yesterday after its share price shot up 18.8 per cent to finish the session at 69.5 cents. That got some tongues wagging that Bandanna was close to inking a joint venture partner or possibly something more. It’s expected that Bandanna will tell the market that discussions are ongoing, although The Australian Financial Review has received word that South Korea’s Samtan is within calculation for a joint venture deal, particularly given that it holds a 10 per cent stake in Bandanna.