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International Investing / Australia (All-Ordinaries)


Subject:  Re: Wanganeen update Date:  11/10/1999  8:35 PM
Author:  demiller1 Number:  913 of 6186

Okay Wnaganeen I hope that you researched Henry Walker as history is a VERY interesting antedote attached.

Through the various takeovers; Eltins of National Mine Management and Henry Walker of Eltins an interesting little play has developed. Top 20 shareholders cross referenced on Henry Walker and MacMahon have some interesting names in BOTH camps.

Therefore, if I was a betting man (which I am) I would presume that Henry Walker will make a totally unsolicited and unfriendly tilt at MacMahons. Why - they have a large portion of the shares tied up and MacMahons are the only competition.

If you like monopolies in the mine contracting area then this could be one!

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