RE: Right of last refusal implications...12 Mar 2024 12:42
That's an extremely important point Dip. The ROLR probably means that a prospective purchaser of Telfer plus the 70% of Havieron will have to define a price for each separately to ensure GGP can exercise their ROLR for Havieron alone. As you say if GGP buys the 70%, Newmont are left holding Telfer! This issue could provide additional leverage to GGP.