RE: The Nighwatch14 Apr 2025 19:35
No. Old Day floated more than that, not without permission from its largest shareholder, I think.
“ Newmont has agreed to a lock in of 12 months in respect of its shares. It would be open to the Company and Newmont to mutually agree (in their respective absolute discretion) to 'lift' the lock in to an extent, to facilitate a partial sale of shares by Newmont in connection with the ASX Listing. Newmont has not, at this stage, sought any formal agreement from the Company to any such sales but it is possible that it may do so prior to completion of the ASX Listing. The Company notes that 50% of the Greatland Gold shares held by Newmont are, in any case, subject to a call option in favour of Wyloo, and therefore, subject to certain exceptions, are not capable of being sold whilst that option applies, without Wyloo's agreement.”