Declined! Really? Why?21 Feb 2023 19:05
Might be a regurgitation for some, if so, just show a bit of class and pass on by.
As mentioned before I am critiquing all GGP staff interviews. Staff past and present.
When I present my findings I would like them to be as accurate as possible.
Hands up, I am supporter of the GGP buy out theory.
Anyways, Following the 5% saga, Alisha Newell (Proactive) asked Shaun directly "why do you believe Newcrest has elected not to exercise this option?"
Obviously Shaun has no idea why.
Rather bizarrely he goes on to say he had put an offer to Newcrest for a significantly higher price (85m, I believe).
My questions are:
1. If Newcrest didn't want to take up the option, why did they not just say OK we will accept your 85m offer?
2. Why on earth did Shaun make the offer prior to Newcrest's decision?
3. Was Shaun, at this point in his MD career still wet behind the ears, and recent joiners (and friends) helpfully pointed out his faux pas?
4. Not really connected to questions 1-3 but Kevin raised the issue of lack of director buys aside offers. Might it be that director buys will be forthcoming following the ASX dual listing?
All I'm looking for is assistance in building my critiquing.
Thanks in advance, all sensible views, opinions welcome.