tata takeover purely speculations

pure speculation....


for tata steel will be making economic sense to take over an iron ore mines producer than one steel....what they need is iron ore not the steel making business. To takeover junior iron ore producer is cheaper than one steel without the children (like steek making business.) One one steel worker wage could pay more than 20 Indian steel worker wage. funds are offloading shares to investors..then trapped them and "bully" them into sell at a much cheaper price.

A good example is looking at GBG (Gindalbie Metals) a junior mining producer with similar shares on issues. Currently trading at 65 cents. All mining/ports/railway schedule to complete on the 4th quarter of this year. GBG will spent close to $2.57 billion towards the project constructions and with strong Chinese investment bank funding support and zero corporate debt. china biggest steel maker/miner ansteel took half of the company and signed 71 billion dollars to offtake contract for one of its iron ore mine. GBG will start to ship 6 mts to 16 mts iron ores from at end of this year with its own port facilities and with the help of oakee project it will increase shipment to 30 mts .