RE: Rumours Abound29 Mar 2023 01:13
I actually think NEM/NCM will strike a deal. Why?
1. Simply because NCM offered to open their books to NEM after the initial rejection of NEM’s offer. Why did they do that?, obviously they seem to be quite ameniable to a take over?
2. Next hurdle will be an acceptance of any proposed NEM deal by NCM shareholders etc, how will that go?
3. Once a deal is concluded and IMO I think it will be, what then re the 30% of Havieron and GGP? Will NEM want to continue the GGP/NCM JV? Well contractually they will have to. So what then? should NEM really want 100% of Havieron?
4. 2 potential outcomes most likely IMHO. NEM issue an offer for the whole of GGP’s stock OR perhaps likely make an offer for our 30% which according to SD will have to be be a 'Mouth Watering’ sum. Also taking into account that we are,what is it at least 12 + months data behind on a revised MRE?
5. I can also see NEM wanting to get their hands on EG having already been in partnership with GGP a few years back and then for whatever reason they pulled out, Why?. I think the combination of NEM obtaining EG and Havieron may well hold the key to SH's getting a very good buyout price. Such a move of course will have to satisfy all key holders of GGP stock, Wyloo, Tribeca etc.
6. Whatever way you look at it, we should in theory come out of this grand game of chess with a decent premium, ( Maybe its NEM/NCM that have been managing the GGP sharepriceI all of this the time,don't forget NCM was born out of NEM thay have a history, again all IMHO.)
7. Finally, to answer Tiggerman’s concerns. If I was SD I would now wait until the NEM/NCM have concluded their negotiations simply because it gives us time to really evaluate what the true value of our share in Havieron is. Let’s not forget aren’t we also due to start drilling again this year on EG. The longer NEM/NCM leave matters the higher our value for our 30% becomes.
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