RE:RE:RE:RE:RE:RE:Newmont possible bid for NewcrestSooner or LATER our Murray Edwards COMES INTO PLAY__Sure HOPE This Might RESULT
in a BETTER OUTCOME for Us WEE Retail Share Holders eh ???? !!!!!!
miningfundi wrote: Imperial has a zero role in the potential takeover of NCM by Newport - III is completely passive. It's only potential indirect role is if NCM, very soon, decides to buy out III's 30% interest in Big Red which is growing into a hugely valuable gold/copper asset in a stable country like Canada (unlike the troubles First Quantum is facing in Panama). This could help sweeten Newmont's bid price for NCM.
Alternatively, if NCM does not buy out III's Big Red interest and the Newport bid for NCM succeeds, it is almost inevitable that Newport will buy III's Red Chris interest rather than having a junior partner in a massive project - refer to the TRQ / Rio Tinto deal.