Delta2008 – MC owns 30% of the Nova project and 25% of SIR so there won’t be any takeover action until he is ready and that won’t be until SIR/Nova gets close to its full/fair value. MC doesn’t need the money and he enjoys the game so I think he will this play one out.
So don’t expect BHP or any other major to arrive anytime soon and that is a good thing.
sir fundamentals , page-5
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