"So they already have a fairly good idea how good they are and just need the official report to back them up by the looks"
Yes indeed and why would they send a substantial amount of cores for verification at significant cost, if they were full of rubble?
Not long before GH lets the SWAG out of the bag.
Warp speed arriving soon, fasten seatbelts and inform bank manager of, incoming.
Well today was supposed to be a good day for us LSH, so I would like to, in the spirit of xmas, take this opportunity to thank the BOD for thourally disappointing us yet again for the umpteenth time.
Hydro,
Having read the RNS multiple times, I believe that NCM will acquire a 75% stake in all said areas for the sum stated and not have to buy or purchase the remaining 24% to get 75%.
I would have liked it to have a bit more meat on the bone for us, but we are where we are.
It derisks GGP exponentially and fast tracks wealth creation for investors.
"Stage 2 Commitment: if Newcrest incurs and/or funds an additional A$17 million in expenditure in relation to the Paterson Joint Venture within a period of 36 months from the date following satisfaction of the Stage 1 Commitment, Newcrest will have the right, but not the obligation, to acquire an additional 24% interest in the Paterson Joint Venture (cumulative 75% interest)."
"to acquire an additional 24% interest"
So do they get this 24% for a further fee ?
I won't mention SWAG, I've had so many severe warnings.
GGP have the Midas touch, we all know what that means, as proved by Hav and (cough) to be revealed.
NCM now know that our technique is unique and we dont miss, so they have done the right thing, get in now with the areas we have not proved up by the drill bit, before A. N . Other does. Smart move Mr Biswas.
This is a WIN, WIN which ever way you slice it.
"RY has learnt how to use the photocopier."
Its a shame he hasn't learnt how to be honest.