Club Mulgoa

Monday, April 04, 2011

Buy Australia

Australia on the cheap. Don't just buy one company, take two! No, take more! The Yanks (Goldman Sachs) wants GSJBWere, SGX wants ASX, and two Chinese companies are attempting to take over 2 miners.

I have held EQN for a long time, knowing a bid will come. But at C$7 a share, the Chinese hasn't learnt how to make a successful unsolicited takeover. Minmetal is actually run by an Aussie. I also owned CGG which was taken over by EQN last year.

Want to know another company that is going to be taken over? Read my other note...

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