I am wondering if s32 might be interested in acquiring some decent copper and gold assets in Brazil?
OZL have put in a takeover bid for AVB at 8.5 cents plus script valued at another 8.3 cents, so 16.8 cents total.
Most of the larger retail holders in AVB feel this offer is an insult and undervalued AVB.
A diversified miner like S32 may want to run the rule over AVB and put in a counter offer , say 20 cents cash equivalent would be a good start and pick up some nice Brazillian gold and copper assets.
I own both OZL and AVB and i will greatly benefit from this deal going through but feel ethically challenged because my fellow avb shareholders are being encouraged to take up a poor offer by bom of avb. Having been a previous holder of S32, i know they have the size to look at this opportunity.
Would love to here thoughts of s32 holders.
Christopher
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