Pressures builds for M&A action at St Barbara

ST Barbara was a deserving winner of the 2017 Digger Award at Diggers & Dealers last August, writes Barry FitzGerald.

Pressures builds for M&A action at St Barbara Pressures builds for M&A action at St Barbara Pressures builds for M&A action at St Barbara Pressures builds for M&A action at St Barbara Pressures builds for M&A action at St Barbara

The award was recognition of the stunning turnaround under managing director Bob Vassie from the might-not-survive basket case of 2014 to the now debt-free and well performed gold group sporting a market value of A$1.8 billion.

But such are the demands of ASX life, the pressure is now on Vassie to follow up last year’s Digger Award by picking up D&D’s 2018 Dealer Award.

To do that Vassie needs to get cracking on the merger and acquisition front and deliver the sort of game changing deal that the both he and the market reckons St Barbara needs.

There are no complaints with the stunning performance of the mainstay Gwalia mine, or the less important Simberi mine in PNG.

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