BGL 2.57% $1.71 bellevue gold limited

Hi all,This popped up in street talk on the AFR today…Management...

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    Hi all,

    This popped up in street talk on the AFR today…

    https://hotcopper.com.au/data/attachments/3696/3696619-e12fbf923379931d60161f771ce59523.jpg
    Management is certainly worried they will get taken over given their cash position…

    Makes sense, if I had latent capacity at my plant and could roll it tomorrow… get access to tier one deposit, produce within 6 months and bank BGL’s cash of ~$200mill… Northern Star?? Santa Barbara??

    Even at a 30% premium we are only at $1.1, cheap as chips…

    Will be a fun lead up to Christmas if this eventuates!

    GLTAH
 
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