RE: NCM - can't live with them, can't live without them2 Aug 2022 10:39
Zoros, I am chilled, very chilled actually.
I never said that NCM are not into this for whatever they can get out of it, of course they are. That’s what large businesses do.
I said that there is no evidence to prove the constant theories and guesses that occur on this BB, that NCM are going to shaft us (excuse the pun).
Since we have seen our SP diminish from ATH’s, then some here seem to think that it’s NCM’s fault.
Why is that ?
Like I said, no evidence has come to light to say they are building a large holding here to make a hostile takeover.
It’s just people always want to blame someone for what they don’t understand, and NCM are an easy target.
I was asked whether I thought NCM would take the option to purchase the 5% for $60M.
Yes I do think they will, do I think we are in immediate danger of them making a bid to take us out, a resounding NO I don’t.
Do I think there are things going on behind the scenes that most don’t understand, a resounding YES I do, as always in business, as shareholders we don’t get to know everything.
Do I think NCM tried to purchase the 5% on the cheap ?
Yes of course I do, and that is exactly what I would of done given half the chance.
But in Shaun Day, we have a man who knows his onions.
His time at Northern Star is proving to be invaluable to us.
This is not his first rodeo, and he seems to anticipate everything that is being thrown at us from a very much larger JV partner.
I think he has become a much better adversary than Sandeep initially thought, and probably behind closed doors at Newcrest, being thought of as someone who can’t be steam rollered over.
I think our man has got something up his sleeve, because if Newcrest would of accepted his offer to purchase 5% off them, how would he have done that, where would the money of come from ?
Shaun has always said, that he would of rather held onto the 5%.
But he knew we couldn’t, but was going to put up a fight to get as much for it as he could.
Someone asked me about my estimation for the 5%.
If you read my past post from around 10 days ago you will find it.
Do I think we will see a new ATH SP ? Yes I do but not until production or very near.
What we have seen here over the last 17 months, has now totally lowered expectations in what a lot of investors on this BB believe is achievable.
Now was that the plan all along ?
Get rid of those pesky Pi’s by spreading fear and uncertainty by hammering the SP.
I think so.
The money to be made by the market here (MM’s and brokers), by taking the SP back to where it once was, is huge.
Make it on the initial rise.
Make it again on the drift back down.
Rinse and repeat again and again.
How do you think they make money ?
It’s definitely not by Pi’s keeping hold of their shares I can tell you.
They want these shares churning over day after day, month after month, year after year.
The last thing the market wants is 4.2 billion shares not to