Sandeep hamstrung,,,,,19 Aug 2022 10:20
,,,, By his BOD and shareholders.
The world and his dog know 60m for 5% of a find of your lifetime is a gift.
His past management is catching up with him, they have leashed him. All in conjunction with current eco climate.
The market are doing what they do, raid and pillage you. The fact is, GGP are considerably more valuable today than yesterday.
SD has alluded to 20moz, that 5% is an extra 1moz back to GGP in the medium term. At todays gold price, after costs, that's $1.2billion ish on the value of GGP.
So no worries about raising money, NCM have scored a spectacular own goal, they have strengthened SD hand considerably.
He clearly has funding promised, hence the $85m offer. You can't bluff with that number.
Telfer needs Hav ore like yesterday, I think SB underhand tactics may have just ended. He must go for it now and get our gold in processing PDQ, NCM results are not looking stellar, Biswas is a man under pressure.