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Gold/Mining/Energy : Sasamat Capital Corp (Formerly Bresea Resources)
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To: Bob Fairchild who wrote (22)4/11/2006 8:56:52 AM
From: deussen  Read Replies (4) of 96
 
I am German, based in Germany and maybe I can shed some light on the company given that it is actually a German play today. In my opinion:
- Forget about the old BRE whatever stuff. There was an agreement made and that is it. Finished.
- Focus on the future: SASAMAT holds a significant position in a German engineering company (formerly KHD, today called MFC I ) which is heavily undervalued given that it provides excellent German engineering to growth regions worldwide taking advantage by the boom in demand of natural resources. MFC I is a deal - SASAMAT even more as it is virtually debt-free and allows even a discounted entry to MFC.
- MFC I has only 3% outside investors besides SASAMAT and the Bancorp (today named KHD) guys. Bancorp head Smith just experienced a lesson in German shareholder minority law and will probably try to kick the 3% outsiders out (which is possible under German law. What he needs, though, is more than 95% of the shares. This is only possible, if he combines SASAMAT shares with his own
- Sooner or later, he will want to fully own SASAMAT. That´s why he tried to gain more influence on SSALF a few months ago but was obviously blocked.
- And this is the ke now: He needs to be blocked to expropriate outside SSALF shareholders. Obviously this is possible under Canadia law (I am no expert on this)
- Anyways, keeping this in mind, SSALF is worth MUCH more than its price today and only trades at this level because few Germans dare to buy a Canadian small cap and few Americans/Canadians understand just how strong the business is and how much it is undervalued...
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