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Newcrest Mining Ltd NCMGF


Primary Symbol: A.NCM

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company’s assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.


ASX:NCM - Post by User

Post by sailor8on Nov 12, 2021 4:46pm
211 Views
Post# 34121677

Risk stated in the MD&A, page 46

Risk stated in the MD&A, page 46
...• our anti-takeover provisions could discourage potentially beneficial third-party takeover offers;...


Page 46 MD&A

Under risks on page 46 is not mentioned the sum of this "provision" nor is explained under which circumstances exactly this "provision"  has to be paid by Pretium to a foreign company. 

To say it in figures this is a risk of 125 CAD million for the owners / us the shareholders and it is a very concrete risk !!!

Is it legal for management and board to put us by their signatures knowingly on such a high risk - without shareholders approval ?!?

Something to check out according to BC laws. Also stuff for the lawyers of a potential rival bidder who likes to give a fair offer to the PVG shareholders instead of that trash Newcrest offer.
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