RE: Newmont's Next Takeover Target24 Oct 2023 22:28
I've had 5 days of kitchen demolition hell which is now at a standstill until it continues in February! So I'm now catching up. My thoughts at the end of last week were still that Newmont will divest, but in the first instance, they might take us out and purchase our 30%, and then sell the whole 100% to Twiggy. Wouldn't surprise me if a deal with Twiggy is already in the pipeline. Wyloo already hold the majority of shares in private hands and not in brokers hands, namely,
Wyloo Consolidated Investments Pty Ltd 430,024,390 8.45%. Alternatively, won't take much for Twiggy to get to 30% and mount a hostile takeover, but if that happens, the highest sp for the previous 12 months is 9.5p, so investors would have to hope that the sp would rise sufficiently on any leak/bid news, as Spade suggests. What happens in the interim now with the sp, who knows? On a separate note, do Greatland have a professional PR team? because if not, they need one, that rns could have been far better worded in my opinion.