RE: Think Newcrest will make an offer for Greatland5 Jun 2020 12:11
"And why do you think NC will pay for 60% of a yet unknown resource when they could pay for 30% of a known resource in a short 6 months"
That's bullsnot, NC can offer for Haverion on this basis right now,,,,,,, pay GGP any outstanding monies from J/V agreement of upto $65 million plus what is agreeable to GGP for the remaining 30%. Job done.
Actually, it's outrageous. We can send a man made craft 9 billion miles to Pluto, take HD resolution images of it surface, send them back to earth, yet the most sophisticated and advanced financial instrument on the planet, can't even differentiate between a buy or sell. Who's taking the urine ?
Buying in in the high 9's, their internal forecast for ROI will be minimum, circa 27/36p per share and that's based purely Haverion. I suspect they are looking way beyond that, i.e, Scallywag. Then they are thinking 7/8 times ROI.