CEY 0.00% $6.16 centennial coal company limited

trading halt, page-3

  1. 195 Posts.
    lightbulb Created with Sketch. 1
    Hi,
    All is revealed. CEY released to the market the news that:
    1. Xstratra has bought Anvil Hill.
    2. Xstrata is buying up the rest of Tahmoor.
    All of the above is subject to Govt. approval.
    Profit is stated at some 350 m.
    Now, it will be interesting to see what happens. Reduced debt to 30% and mention of partial franking of dividends in investor release.
    One concern - Anvil Hill has been toted as a "company maker". What now?
 
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