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With Newcrest retiring their Board Director some months back, I just wonder if BHP have made a deal with them to buy out their 14% thereby doubling their holding and this deal will be done and announced after Thursday. I know its a long shot but why did NCM withdraw from having a Board Member leaving control to all the others???
Litigation in Bangladesh by a foreign company!! I doubt we would see anything announced from it for a minimum of 10 years so lets hope they steer clear of that route. Very difficulty times for LTH's. I'm well over 6 figures down, and then there's good old Polo. Not good investments, but there's no point selling either at these levels, even if there is a market listing!!
Let's not forget BHP paid 45p a share 2 years back. So what has happened in 2 years? Better proven resource at Alpala, better metal prices, new leases starting to show tier 1 potential.
So in that time, do we not believe BHP's B of D would have devised a strategy for their investment? I don't expect an immediate announcement about BHP's intentions, but they are not a minority shareholder nor it seems a willing JV partner. So it seems an obvious suggestion that a full bid come be happening in say the next 6 months. All speculative I know, but what are Sunday's for??
PFS Update to me is very important too, and I think we'll see it first. In the webcast Ingo suggested the delay was a few weeks and so as they seem to have their ducks in a very orderly row now, I believe this will be an RNS early next week. BWDIK!!!
If they hadn't have embarked on a newsflow strategy, then they really could be criticised. I always suggested they would do this. Also remember they have been delayed by covid etc so some of the updates are later than expected. Onwards and ..............!!!
I suspect cash management had to be prudently enforced pending the $100m from FN funding also. What impresses me about the last 2 days is the momentum is still there. We haven't seen a 1- day spike and immediate retrace as we have seen before. We know the lock-in on BHP ends in around 2 weeks time, so question is where next for the sp???
Absolute effing idiots at Polo. How on earth they think this is acceptable is beyond me.
This isn't over but clearly this is a huge setback
Hard to watch a presentation where the presenter talks about exposing himself especially after he appeared to have had a little accident before coming in front of the camera. I nervously watched for a few minutes but the damp patch didn't get any bigger, which was a huge relief.
More excellent news and no sp performance to assess market reaction.