RE: US gold mining giant raises takeover bid for Newcrest11 Apr 2023 03:09
Hi Ben,
I'm just not 100% sure as yet given the backdrop of rising gold prices that NCM shareholders ie, ii and retail NCM holders will readily accept NEM's offer just yet, as there may well be more mileage to extract.
My general feeling though is that NCM BOD's may want this deal to go through for historical MEM/NCM reasons.
So, what will this mean for GGP?
That is the $64,000 dollar question :O)
I would like to think that NEM are by and large practical when looking at the situation re Telfer, and if they really do want 100% of Havieron which at this time we do not know as yet, then more games will be played out.
On the plus side, I am sure SD is or has already made contingent plans to defend our 30% interest given the urgently required updated MRE, FS, DCM (already taken) etc that will be required in order to negotiate with NEM.
Just going to have to sit this one out until the NEM/NCM negotiations are concluded , can't do anything else but wait for now IMHO.