RE: Joint venture2 May 2020 14:27
I believe that Newcrest will make an offer. My thoughts are that there is no way Newcrest would want to allow, purely as an example, Rio to make a bid that is too high for them to match. Imagine that scenario....doing all the donkey work with Telfer grinding out the gold and your bigger competitor takes 30% for doing sweet FA.
Newcrest surely must have one eye on the ever increasing expansion of the 'find' and the deeper pockets of, say a Rio.
Yes, Newcrest have first right of refusal but they would have to match or better an offer made by the likes of Rio.
Hopefully that makes sense or am I talking and thinking bolox?