re: cey a takeover target ????
It may well be so - if this extract from Aspect / Huntley comes to fruition:
"A bid for CEY from Glencore, or related party Xstrata (XTA), cannot be ruled out. XTA is cashed up . After failing to acquire WMR earlier this year, the company has made no secret of its ambition to grow through acquisition. CEY would offer large synergies with XTA already operating in NSW. It would also give XTA enhanced domestic sales and export capacity, while greasing the rails for Glencore to take marketing rights."
Takeover or not, CEY is a strong buy imo.
CEY Price at posting:
0.0¢ Sentiment: None Disclosure: Held
