OK, can someone ponder this and and give me your thoughts please? I can’t help thinking WEC is a potential take over target from any Indonesian Coal miner. With the Indonesian Governments new ‘low grade coal’ strategy, it makes sense to me.
"The government also wants miners to upgrade low grade coal, but the technology is yet to exist commercially and so a decision on when to require upgrading has yet to be made..." (http://af.reuters.com/article/metalsNews/idAFL3E8FH26T20120417?pageNumber=2&virtualBrandChannel=0&sp=true)
And it makes sense Bayan has the most to gain by doing so. The ‘plant’ is all but ready and conveniently close. And there is a potential large financial loss due to an impending law suit.
But Bayan have recently taken on huge debt to finalise the KRL deal. So is it in Bayan’s interest...can they afford it....what would they pay? Or does it make sense there is some kind of merger between Bayan, KRL (56% Bayan owned) and WEC? With so much money in the bank and very little debt, the rights to coal quality improving technology, it makes sense to me.
Just putting it out there people.... while there is no news, the mind is trying to make sense of it all.
Cheers.
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OK, can someone ponder this and and give me your thoughts...
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