STB south boulder mines ltd

takeover potential

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    An extract from the BDO Independant Experts Report 5th OCT
    contained in the notice of Annual General Meeting :

    "Takeover potential" page 18

    A key outcome of the demerger process is the creation of two
    businesses with narrower and more focused objectives. The
    separation of South Boulder from Duketon may broaden the market
    of acquirers of both companies, as the acquirers’ investment
    criteria may be more aligned with the business of one of South
    Boulder or Duketon but not both. As such, recently demerged
    entities are often identified as potential takeover targets.
    Takeovers are typically seen to create value for shareholders as the
    Bidder is typically required to pay a premium for control over the current quoted market price of shares .

    One of the Major Mining Companies can have my shares at the right price ,- I dont believe the current management will ever " Create Value ". The shares are in limbo .
 
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