False statement by Newcrest about the Aquisition on SEDARNewcrest published on SEDAR with date December 06, 2021 their oficial "Annual Information Form". About the Pretium Acquisition and the "value" Newcrest wants to pay they state:
Agreement to acquire Pretium Resources Inc. On November 9, 2021, Newcrest announced that it had entered into an Arrangement Agreement to acquire all of the issued and outstanding common shares of Pretium Resources Inc. (“Pretivm”) that it does not already own by way of a Canadian Plan of Arrangement. Pretivm is the owner of the Brucejack operation in the highly prospective Golden Triangle region of British Columbia. Under the transaction, Pretivm shareholders will receive consideration of C$18.50 per share and Pretivm shareholders will be able to elect to receive either C$18.50 in cash or 0.80847 Newcrest shares per Pretivm share, subject to proration and an aggregate cap of 50% cash and 50% Newcrest shares. The total consideration offered values all of the outstanding common shares of Pretivm at approximately US$2.8 billion. The transaction requires approval by 66 2/3 % of Pretivum shareholders, the Supreme Court of British Columbia and regulatory approvals including under the Investment Canada Act. Completion of the transaction is targeted for the first quarter of calendar year 2022.
Yellow marking added by me, source the SEDAR "Newcrest" webpage.
At ime of publication, Dec. 06. 2021, 16:23:20 ET Newcrest knew that due the down melted Newcrest shareprice the offered value is less than US$2.8 billion. See my former posting about it. Thus they made a false statement in an official document !
Further it is interesting that they did not mention the Snowfield "Net Smelter Royalties" we own for more than 29 million ounces of measured and indicated gold in the Snowfield land piece.
Why not mentioning these royalties in the statement ?!!
Will we PVG shareholders keep our parts on these roayalties or does Newcrest hope to receive these Snowfield royalties for free on the sideline of their proposed so called "Acquisiton" ?! A rather conservative guess from my side is, that these Pretium Snowfield royalties are worth about 15 USD per ounce times 29 million = 435 million US $ ! More than 2 USD per Pretium share !
In case that besides the price of gold the prices of the Snowfield "By Products" copper and silver continue to rise in long term, the royalties may be even worth a lot more !
What kind of betray attempt is going on here to us PVG shareholders ... !!!