"If the takeover goes ahead, St Barbara is expected to have about $120m of net debt, and with about $190m of cashflow expected in 2012-13, it could pursue other takeovers or expansion opportunities.
Mr Lehany said that while opportunities in Australia were rare, there were interesting prospects in Indonesia, the Philippines and Papua New Guinea."
PRE Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
