RE: March 2023 Quarterly Results27 Apr 2023 02:08
@Antigua18
Re: 'what would be the point of any games on NCMβs part seeing as their fate seems sealed, unless they have handed the batten for the potential new owners.'
Ans: Agree their fate does indeed seem to be sealed, have said that myself before now, I actually think they NCM BOD's want this to happen because of historical connections etc. Question is will NCM shareholders want it?
Re: 'Must admit I never understood why Newcrest allowed Newmont access behind the scenes, '
That was a NCM BOD's decision and given the fact that they had already had 2 offers and refused them, it really does beg the question of why they have given NEM a third bite at the cherry so to speak, IMO NCM want a deal etc.
You have to look at the historical connection between NEM/NCM, NCM were borne out of NEM and that's it as far as NCM BOD's are concerned IMHO, big bucks for them I'm sure. I hope NCM shareholders will fight for more because I think NEM may well be prepared to up their offer once again given the desire for major mergers and aquisitions in the Gold sector right now.
Bottom line, SD is no fool, he and his team will be watching very carefully on all that is going on right now and will have a few contingent plans in readiness for whatever the NEM/NCM takeover throws at us, re our 30% ownership etc.