Gamble of the year17 Dec 2020 11:32
by Nick and the BOD.
I didn't think they had the balls. so fully admit i got that wrong. I also didn't think that BHP would be that stupid. They were.
It matters not one jot whether Nick won by 100 votes or 1 billion. He won, so was resolution 11.
This means that Nick can allocate shares to somebody else (IMO it might be Chinese or Franco with a 12 month tie in clause giving him the firm control...There is nothing that BHP or Newcrest can do about this now, except bid in the next 2 weeks.
IMO the deal has already been agreed for maybe 10-15% of the company with a 12 month tie in, which is why the SP has been kept at 35-37p.
It will announced before New year IMO.
Massive...Massive miscalculation.
Once the deal has been done, the SP won't be held back and amazing news will be forthcoming.
Oh what a mistake newcrest and bhp, what a massive mistake...