Seafield (SFF) - conclusion perfect takeover target!Since Batero stated to prepare an acquisition of an advanced stage project there is only one perfect company - Seafield.
Main part of the announcement:
As a result of both Batero’s strong treasury position (approximately $17M) and current market conditions for junior resource companies, the Company has elected to implement a new, multi-pronged strategy in an effort to maximize shareholder value:
• Continue to focus on advancing the La Cumbre oxide deposit towards a production decision - Preliminary Economic Assessment to be delivered by end of Q2, 2013.
• Continue to strategically explore the near 60% of the Batero-Quinchia concession area that remains untested – in particular the high-grade gold epithermal and breccia targets at the Project.
• Investigate the acquisition of under-valued advanced staged assets with a focus on producing or near production projects in Colombia.
• Strategic re-purchase of shares of Batero Gold on the open market.
https://www.baterogold.com/en/news/batero-provides-corporate-update
Conclusion:
I would like to remind the community on this announcement - until yet we did not see any action - but I strongly assume they prepare to takeover Seafield.