Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
who is the simpleton i read a board of a company i am invested in once a day if i get the chance to you are the muppet who sits glued to the board of a company you are not even invested in and who is listening i read and laughed
(Alliance News) - BHP Group PLC on Thursday said it has received a payment from Noront Resources Ltd in compensation for the Canadian nickel miner breaking its agreement to support a BHP takeover offer.
Noront has made a CAD17.8 million, about USD13.9 million, termination payment to BHP.
BHP on Tuesday kept its offer for Noront at CAD0.75 per share, which is 47% below rival Wyloo Metals Pty Ltd's proposal of CAD1.10. Wyloo said the Noront board supports its latest bid.
In a statement on Thursday, BHP said it has ended the agreement related to Noront's support of its takeover offer that had been signed back July 26, when Noront had indicated its support for the BHP offer.
On Tuesday, BHP said it would not bump up its offer for Noront to match the one on the table from Wyloo.
By Artwell Dlamini; artwelldlamini@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
(Alliance News) - BHP Group PLC on Tuesday said it will not bump up its offer for Noront Resources Ltd to match the one on the table from Wyloo Metals Pty Ltd.
Earlier in December, Wyloo sweetened its offer for Noront to CAD1.10 per share, which is 47% above BHP's proposal of CAD0.75. Wyloo said the Noront board supported the latest bid.
BHP was given the right to match Wyloo's proposal, but on Tuesday said it has decided not to.
"BHP is committed to its strict capital discipline framework. While the Eagle's Nest deposit is a promising resource, we do not see adequate long-term value for BHP shareholders to support an increase in BHP's offer in order to match the CAD1.10 per share proposal from Wyloo Metals Pty Ltd," said BHP Chief Development Officer Johan van Jaarsveld.
BHP shares closed up 2.3% at 2,195.00 pence in London on Tuesday. They added 2.7% in Johannesburg to ZAR460.28.
By Lucy Heming; lucyheming@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
https://www.lse.co.uk/rns/ECHO/operational-update-0oo511fd31edtrd.html
its in there ranger when investing in a company you won't just read the latest rns
https://www.**********.co.uk/articles/alan-green-on-tough-times-in-the-markets-plus-revolution-bars-echo-energy-dekel-agri-vision-b17ef27/
https://www.sharecafe.com.au/2021/10/22/solgold-the-forgotten-play-in-the-copper-space/
wish i could recommend more than once addicknt .The thing that has bothered me ,last year all that effort with the letter sent to all shareholders and look what happened after that . who says twiggy doesn't want to beat bhp to buying solg and using his position and us to do it