RE: Padmaster4 Apr 2019 13:18
Let's assume that NM is slightly disappointed because by now he expected to have already received some serious offers.
With the standstills coming closer to their end, and no palatable offers, and CGP belong a bit of a pain, what do you do if not try to stimulate the process?
IOW, with SOLG trying to buy CGP, someone else other than BJP or Newcrest might finally come out, either buying CGP or SOLG or both.
Either way, this should at least bring a proper re-rate even if no one buys SOLG in the end, and if instead SOLG ends up agreeing a price for CGP, we finally own 100% of ENSA, which can only help buyers make a move on us.
On top, SOLG probably benefits from a higher price also in terms of conditional funding conditions.
This is my thinking anyway, I might just have it all wrong...