eps downgrade, page-13

1234, I think they have enough mines in Qld for now. Catalpa want's an offshore target becuase they are cheap and have a ready and available workforce. Australian mines are the opposite at the moment due to the mining boom. Prefreably Asia - as it's in the same time zone as Perth. Arica is too risky.

This share price is getting a hammering!!!!!!!!!!

I didn't expect the St Barbara offer to be seriously considered by the Catalpa board because it was opportunistic. But, on the off-chance St Barbara counter offer I might take it seriously because at the moment the sentiment for this merger is not looking good at all.