Bullish Sign? - Bounced off 200 EMA, page-2143

Ausdrill buying Barminco https://www.asx.com.au/asxpdf/20180815/pdf/43xbr66gch6s0y.pdf
Valuation $697 million.

Still a very small world in WA... Barminco owned up till now by one of Mr Sayers best friends, “kindergarten classmate, Peter Bartlett. The pair became lifelong friends and eventually went on to make hundreds of millions of dollars together.”.
https://thewest.com.au/business/min...on-who-built-a-1-billion-empire-ng-b88746032z
Interesting story there including some mention of tax scandal relating to them both.

I think this was logically on the cards but it does change the ‘peer comparison’ dynamics a bit .
As an aside their copywriter seems to have pinched our word ‘compelling’ which was used by NRW last year in relation to the Golding purchase .