RE:RE:RE:RE:Newmont closes Newcrest...Sooner, we don't know what the magic number is that secures a buyout. You have consitently presumed it is $6 or less. If that is the case, why hasn't Paul and the BoD announced a buyout for $500mm (about $3+ per share) or so?
Do you really think RIO would not want to purchase gold ounces in-the-ground for less than $24 an ounce AND get the silver/copper/moly for free?! That is the calculation based on a $500mm buyout.
Rhetorical question there.......of course RIO would be falling all over themselves to lock in that steal of a deal. To repeat what Paul said a few years ago: the best price RIO will ever get for Casino is now. Tack on 15-20% two years later due to inflation my friend.
No, I side with Steven here. Paul and the HNW individuals have a goal in mind and will work the angles until the timing is correct. I agree that based on the environment in early November 2023 we are not at the point where the magic number has been met. Yes, that is reality, but why do so many feel that Casino has to be sold this month?
This is a classic case of needs and wishes conflicting. The wishes of the flippers and hot money do not match the needs of those who have invested and desire to be compensated fairly for their patience and keen insight into the future supply & demand of the monetary metals.
Investors control this company. If the flippers and hot money wish to force a buyout on their terms they are more than welcome to acquire enough shares to remove Paul and the BoD and play ball their way. But, good luck with that scenario!!