DES 4.26% 9.0¢ desoto resources limited

40th fastest growing company in oz, page-7

  1. 6,676 Posts.
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    I think we may have to wait till they start appreciating DES before the SP heads north. The BYI takeover offer is only a couple of weeks away. I'm thinking they wont be offering script to BYI and I'm hopeful of a spp. Even the $5000 max that seems popular ATM with some finance would be ok. I just dont want a placement to "sophistcated" investors or insto's and we miss out.

    Better still, a one for two offer would raise about $36m, sell some real estate, and finance the rest, the debt could be serviced by BYI income and Destra effectly doubles in size.

    BYI fits the mould perfectly.


    Cheers

    Oscar





 
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