watso is heartbroken for punters in gda, but it is time for a bit of corporate action. donkey years ago, watso had shares in a little company called "west australian worsted and woolen mills" - and they made woolen blankets, at a factory in albany. some guy called holmes'acourt had a stake in the company - and he took over a little company called westside electrical, then another company called tropical traders, and then he had a crack at bell brothers, and eventually he had a crack at bhp.. from little things, big things grow.
it is time for the head honchos at gda to be proactive. on behalf (but not asked for) of the the lads at the head office of gda, the team at watso corporate have looked for some corporate action...
The team at watso corporate (which is watso, with himself) have targeted SBM (st barbara mines) , as being a take over target. gda should offer 500 gda shares for every sbm share .. that is a win win - gda have a few miserable oz at parker range (at a couple of hopeless deposits) - but sbm have a mill at marvel loch - what a marriage - the sbm mill could treat the gda dirt, in about one month -and as a bonus, gda would take control of the leonora operations etc etc . sbm shareholders would receive shares, which would be valued at 50% above present share prices - that is a "win win"
disclosure .. watso does not hold , but this would be a buy, if they make a take over offer for sbm
GDA Price at posting:
60.0¢ Sentiment: Buy Disclosure: Not Held
