RE: SP12 Jan 2022 19:36
Yes I agree the lassonde curve is very relevant here - could that be why we have a large amount of shorted shares?
But then it could be GGP are using ****e brokers who are allowing the manipulation to happen (if indeed that is what is happening?) Does this even happen on stocks or is it just what people on BBās surmise?! This whole thing is a massive headf**k.
One thing I do believe is that if people think Newcrest are going to be nice and pay GGP loads of money for the 5% to be nice is far fetched. Their first second and third concern is their profit and their shareholders. I agree that they need to pay fair value, or the appearance of fair value at least, so as not to effect their own valuation on their existing ownership, but not to the point where they are going to not try and get it cheaper than āmarket valueā. What they pay will not be the true āmarket valueā as the asset is not going onto the market so we will never know what ātrue market valueā is, it will be based on a theoretical exercise - the same as in getting your house valued for 250k, which will be based on market comparable sales elsewhere within the geographical vicinity, but then when you put it on the market you get 300k because you had lots of bidders who really want it.
Plus, They can always get their existing holding revalued by another expert/valuer after the deal is done with GGP if needs be. I work in property and I can tell you that valuers/experts donāt have a scooby compared to the people who are actually doing the deals in the first place - they are *****s to the highest bidder plain and simple, and they can and will be influenced by the people who want the value to be as high as possible!
There is something fishy going on, and I canāt work out what it is. It might just be there is a seller or there is something obvious that I and others on here are missing but I am yet to find it!
Sorry - another rant *face palm*