GREY:PGDIF - Post by User
Comment by
ekimon Aug 04, 2018 1:01pm
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Post# 28414840
RE:RE:corporate website
RE:RE:corporate websiteI doubt it.
De beers will absorb this in its entirety wiith public knowledge as a need to know basis.
Rio rinto would probably just sell it to De Beers if they wanted out of the space.
Washington group could conceivably re-IPO Chidliak in the future. That would probably be the closest you get.
In the Gold sector, Hope Bay has made its way through the hoops.
First with BHP who then sold it off to 2 juniors for US$20 million. They merged evventually and were bought out by Newmont. Then newmont sort of gave up and sold a majority position of it to a private entity created for the project called TMAC. Then TMAC eventually IPO'd to raise some money to try further Hope Bay to a profitable operation.
I initially said doubt it...but...who really knows what happens to De Beers and its structure assuming the billiionaire from India gets his wish and buys up parent Anglo American. De Beers is also tied 20% owner by Botswana and I think the Debswana 50/50 agreement in Botswana is coming up for renogitation. Who knows what happens there.
So....I initially said No....but now that I think about it..it is a possiblity.
LONG...whitekknight
EKIM