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BGS 34.0¢

Bristow looking for t/o opportunities

  1. Jack_a_Hearts

    2,605 Posts.
    30
    Before people start jumping at shadows, this post is NOT to speculate a possible takeover of BGS by Randgold.

    Just drawing to attention the article below about Randgold's drop in profit and "... he was closely monitoring "stress" within other miners for takeover opportunities. "

    http://www.independent.ie/business/...s-slide-from-crisisinduced-peak-30977987.html

    If he was currently looking for takeover opportunities in miners, you could also perhaps consider that he may be looking at ways to enhance production at Morilla through a JV to boost the reported drop in current profit numbers.

    No point in having a production plant processing low grade ore and the costs that come with that, when there might be other ways of enhancing the profit line.

    So, does BGS have the goods? Time will tell.

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