Member Info for Ipad

They tried this last week a few times and look what happened.

I’m 23 bagging ! And not selling !

But it's not AIM for Newcrest.

Tig. With you all the way !

Never done one and never will.

I don't think GGP would have any problem raising a few million

Jambo. That's certainly a possibility. The agreement between GGP and NC can always be changed if both party agree.

Yes that will depend on the MRE. But I think they will be desperate to get the JV on Scallywag. So if their offer is low then we just turn it down and then put Scally out to tender for the JV. Can't see that happening !

That's always been my view. They can't risk losing control over Hav, which could happen if they are outbid for all of GGP. ( Would they really want RIO to own 30% of Hav ?). The only strategy that makes sense is to buy the 30% for a good price and then enter into a JV for Scallywag, though it wouldn't be as generous as the Hav one. Again would they want Rio to jump in for Scally ?

And doesn't Rio own a few tenements bordering Havieron and Scallywag ?

Oh please ! All depends on the price ! And the same issue. How could they value the other assets ?

Well I don’t think the BOD and the shareholders would agree to a sale of the entire GGP. Unless it’s for mega bucks. But then the shareholders of Newcrest are not going to agree to a speculative buy. So not going to happen.

Just downloaded the HL factsheet. Good lockdown reading ! Not.

It's very complicated, so you need professional advice. My understanding is that when you are withdrawing funds if the value of your Sipp (including the total you have already withdrawn) is over the limit then you have to pay tax on the excess. Also it's assessed when you reach 75, whether you have withdrawn funds or not. But please take advice !

I'm getting worried about breaching the Lifetime Allowance. Really bad tax wise if you go over.

I hope they are talking to loads of people. And not just miners. Institutions, hedge funds, big private investors !

Good post setting out all the variables. So many variables it'll be fascinating to see how it's all dealt with in the MRE

I’m up for a few beers when we’re allowed out. Anyone from Surrey, Hampshire area ?

Anyone get caught ? Now come on, own up if you did !

Yes. A good post. As you imply it's all down to the MRE; no one knows what's there. But fingers crossed !