Newmont1 Nov 2023 10:31
This is how I think it will play out as I indicated the other day;
1 - Newmont want that 30% and I think there has already been an offer rejected out of hand.
2- so agreement between Palmer and Day that Day would get his own MRE but that he would wait until the legalities are through on Nov. 13th for Palmer's acquisition of Newcrest, before producing it.
3 - Palmer and Day will then talk further and a binding offer for that 30% will be forthcoming and notified to shareholders before Christmas.
4 - Upon agreement, Palmer will then divest the whole 100% to another, already waiting in the wings. Remember, he's got Newcrest's 70% dirt cheap, so paying a bit over the odds for our 30% won't be any skin off Palmer's nose, he will ride it, and Newmont investors will get a good deal all told.
5 - who picks up the 100% though? you might laugh, but nothing would surprise me, it could even be Rio! and then we still have involvement! Nothing surprises me in this business any more :)
6 - meanwhile, BR/Stateside boys are loading up on the QT! They will know more than we will, hence the higher sp push in the afternoons!
7 - I'm holding, there's more to this than meets the eye, they are all buddies, let the fireworks begin!
Entirely my views, DYOR, your investment,your decisions of course.