RE: 40% JV + 10% star?Don't confuse the ownership of shares with a working interest. Newmont owns 9.9% of Shore's shares. -- approx. 18 million shares -- in addition, they bought a 40% working interest in the JV property (including Star West).
They did not purchase more shares with the $170 million they just paid for the opportunity to be involved.
That still leaves the door open for another major to do a share- takeover of Shores 180 million shares. But remember there is a poison pill on such a 'hostile' take-over.
Does anyone know if such a pill applies to a 'friendly' situation such as MAY be with Newmont. What consitiutes the difference between a hostile and friendly and/or creeping? The plot thickens.
No sleep again tonight eh Crocky. Who will be first with the answer, Prigoni, Crocky, Scatter, Blueice, Jesk, or ????? Please submit your answers along with an exec. report of the poison pill agreement.
My money is on Jesk. But the judge is Grizz and his/or her decision is final.
Regards,
The Grizz