down 12%, page-3

Imo this is a good deal in the med to long term as it is really the combining of three companies (include newcrest) gold assets in one area , NQ, (apart from edena may). merged entity should get some scale effecincies out of the merger and solid revenue numbers with gold price likely to continue up. this will equal sh profit. my only misgiving is that one of conquest's main tenemants is at chartered towers, and from my knowlege that area is hard to mine (thoughts).

in the short term looks like sp is in the doldrums as sbm merger was clrly holding cah sp up and sbm sp down, but this could be buy opp.

as per the presentation their working on creating a solid mid tier gold producer and this wont happen in short term