RE: Newmont30 Aug 2023 12:40
Toffers, I dont post much... and love listening to everyones comments / opinions... good, bad and ugly!....
This one made me laugh... "he keeps saying it's a potential Tier 1 asset, but it doesn't look as though Newmont see it that way,"
Of course they wont agree.... they are going to be receiving 70% of a world class asset... so they, of course want to downplay it's value to them as it will reflect on the bigger picture price for the acquisition... basic economics.... pay less to make more!...
My partners company was bought out by a bigger player and they downgraded everything as much as possible... the staff lost benefits and lots of other things came into the mix.... they have shareholders to report to and need to show that;
A, they have not overpaid for what they are buying
B, they forced the best deal they could get to reduce the impact on their own bottom line
Does any of that sound familiar here?
SD will big up everything they have as he wants top dollar, but I do agree with one of your comments... it's a dual edged sword at present for SD - he is slave to 2 masters - one the one hand he needs to try to keep current shareholders happy... or a sell-off and the SP will slip even more and thats no good for anyone involved. He needs to promote what GGP have for several reasons - that the value is respected, but also, again, on the flip - if they decide to dispose of Hav/GGP relationship, we have fist option to buy them out and we want to pay the least possible.
We have to trust that on the inside, they know a lot more than we do and is keeping all the "up in the air" plates spinning to the best of their ability.
We will know when we know... any amount of barking isn't doing anyone any good other than making the poster feel better!.... no one is here to lose money, myself included and I am invested quite heavily in GGP's success... lets get some REAL news and hopefully pop the champagne corks when it arrives.
Just my 2p!
LL.
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