RE: GGP to buy Telfer? The Australian1 Mar 2023 09:20
Hi All. We have a contract with NCM to process ore for us at costs +10%. This contract stands whoever owns Telfer. I see no financial gain for GGP to acquire Telfer. I also have a objection to too much debt and prefer equity fund raising to acquire profit making deals.
The latest story about a sale of Telfer and the 70% of NCM share of Hav is just speculation with no real substance, i also hear Southend Pier is maybe ,could be, might be, up for grabs.
If Wyloo want Telfer and the 70% let them have it, they have no need to raise funding through debt and we would have a "friendly" processor for our ore. ATB Speedy