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I don't see this as some kind of competition between GGP and SOLG and fail to understand why people would be at each others throats over the issue.
Both companies are hugely exciting and both have different attributes, which don't need re-stating.
If you are interested in the sector, the only sensible approach is to have shareholdings in both companies.

Soundman, I think you mean Newcrest, not Newmont.

KB, couldn't agree more.

It is possible that I misinterpreted your post, but by including the word 'only', it's easy to see why I and others did so. The implication is, or could be, that an offeror would not have to offer any more than the highest price paid in the previous three months. I'm sure you can see why your comment caused confusion?

BNC, I don't 'purport' anything. For verification of my cv, which you seem to doubt, ask Jerryspaniel - he knows who I am.
ToS, I refer you to your original post on the matter. Subsequently, you have, quite rightly, adjusted your argument.

BNC, same advice to you. But just for guidance have a look at the offer made for Be Heard yesterday.
It was close to a 100% premium to the prevailing share price, and bore no relationship to a three month period.
Incidentally, Bozi's comment is right, but it's not the same thing as was initially described by ToS.
The idea that a takeover offer price is dictated by a fixed price is, quite frankly, ridiculous, as even a cursory knowledge of the stock market would demonstrate.

You can believe what you want - you are wrong. I suggest you do a bit of reading/research.

ToS1963, I don't need a source. I spent a considerable part of my career in corporate finance; in other words, arranging, conducting and completing corporate takeovers.

ToS1963, a takeover offer can be made at whatever price the bidder feels is likely to persuade shareholders to sell. It can even be at a lower price if they feel the company is overvalued and shareholders are desperate to sell.

ToS1963, no, that's not how it works.

Have the shareholders of Whet been offered any explanation of the recent corporate changes? Have any of them actually asked? Do any of them care?
'$2bn, all lined up and ready to go!'

You've misread/misunderstood their data.

The share price is simply a reflection of what the market thinks of the strategy and managements ability to deliver it.
The market thinks there may be a takeover, but is far from persuaded until it sees a bit more evidence.
GGP by contrast, is altogether easier to understand - hence the excitement.

HL have had intermittent problems for over a year now and have been pretty useless in their responses.
For a FTSE 100 company which relies upon it's IT system to conduct it's business, the situation is hopeless.

The "translator" excuse was funny when it was first released and ridiculous when repeated almost a year later. But, it did remind me of the great business excuses I've heard over the years.
We had a wonderful Irish customer who was a hopeless payer. One one occasion he owed us nearly £1m and it was beginning to hurt our liquidity. Our credit department got me involved and I rang the guy.
"Ah, I was just about to ring you" said the Irishman.
"You're not going to believe this, but I wrote the cheque yesterday and went off to post it. And guess what - they'd only moved the post box"
I laughed so much, I couldn't get angry. He paid the following week.

RR1, they're looking for a translator.

Oh well, no RNS then. At least not yet.

Quite right, Jerry, although I think it more likely that the terms of the Franco deal would have specified how the money was to be spent, rather than them "finding out" and objecting.

I meant Newcrests strategy, not GGPs.

The events of the past 24 hours at Solg will have a bearing on GGP's strategy. They will be perfectly happy with the way life is progressing here and are under absolutely no pressure to do anything other than keep drilling.
However, life is now very different as far as Solg is concerned; it's gloves off time and I suspect Biswas will be spending the weekend thinking about how to respond to Solg.