RE: Let’s look at the minimum 15p25 Apr 2020 12:05
Don't overlook the fact that the market capitalisation of a listed company (as valued by the stock-market) can be so at odds with the commercial value of a company outside in the real world. This explains why the share price of a listed company will appreciate rapidly in response to an approach from a predator.
Look at the price action of MARL before the approach from Sandstorm. You'd panic into selling based on that alone. A couple of weeks later, whack, the price rockets on a takeover offer
It's one of the most frustrating aspects of holding a stock that you know it to be holding an asset of great value (havieron) not just to GGP but of immense corporate value to Newcrest. That triggers your imagination. You reason that Newcrest are desperate to bring Havieron (100%) onto its books and get it into production asap. On that basis you reason they surely will pay a hefty premium to achieve that transformational acquisition.
I'll be guided by insiders like Biswas and Heddle and their public statement, the words they use, their expressions of enthusiasm or excitement...all offer valuable insights into the importance of Havieron cos let's face it the bulk of GGPs' commercial value lies in Havieron (a now T1 discovery of that is valuable of so many levels in terms of low capex costs, corporate importance, securing Telfer's future, room to expand mineralisation and our surrounding licences, nearolgy value etc)....
Newcrest NEED the havieron asset, they don't NEED Cascabel in Ecuador in terms of corporate importance and their other producing assets are struggling to deliver...understand the importance of Havieron to Newcrest, that's where Havieron's real value truly lies
Sign In
Follow the stocks
