If I was Shaun Day…31 Jan 2022 10:28
What would I do?
I would drive a REAL hard bargain with NCM over the 5%. As it seems a win/win scenario!
Let me explain my thoughts…
Scenario 1.
If NCM agree with GGP around the 5% at a very fair had driven value, then great we have a spring board of finances and it sends a message to the market that NCM actually value Havieron very highly as they are willing to put their money where there mouth is. This should make the SP rerate significantly and hopefully attract the big boys/more ii’s.
Scenario 2.
Both parties don’t come to an agreement on the 5% it goes to the independent expert evaluation. This process will likely take months, which while frustrating for all involved will ultimately lead to a HIGHER valuation, as all this extra time the drill bits will be turning, proving up more resource. Surely this is a big positive for GGP.
My conclusion is that the ball is definitely in GGP’s court, a WIN-WIN in my opinion (eventually).
As a LTH here I want nothing more than a FAIR slice of the potential here.
GLA & Stay safe…