RE: Have any5 Aug 2020 14:50
Hi addicknt, my thoughts.
It is because of the percentages, that I think this is hard to sell.
NM can call on about 20% of shares.
BHP can call on about 13-14% of shares.
So enter Newcrest, with 13%. This needs to be taken out, but if we deliver a PFS around 9 billion dollars, they are never going to take 1 pound a share, they may not take 2 pounds a share.
Now the smaller players, I don't believe they will sell cheap either, and NM certainly won't sell cheap.
Therefore BHP, would have to pay close to fair price.
So the only question I am left with, is will BHP pay fair value, or will this go to production.
I don't think they will pay over 2 pounds a share, hence part of my argument, why we go to production. All the best.