We deliver 31.22 % free cash flow for 18.57 % Newcrest ?!?Pretium:
Cash Flow Statement | Operating Cash Flow (ttm) | 309.19M |
| Levered Free Cash Flow (ttm) | 182.01M |
Newcrest:
Cash Flow Statement | Operating Cash Flow (ttm) | 2.3B |
| Levered Free Cash Flow (ttm) | 582.88M |
Pretium delivers 31.22% free cash flow compared to Newcrest and would add it to Newcrest.
Newcrest wants to buy Pretium for 0.8084 Newcrest share per 1 PVG share. Meaning we would get 151.9 Million Newcrest shares in total for all outstanding PVG shares.
Actually outstanding shares at Newcrest = 817.96 Million shares. 151.9 new Newcrest shares would be created for all PVG shares => we would get only 18.57 % of actual Newcrest shares in form of new Newcrest shares but deliver 31.22 % more free cash flow to Newcrest..
This means for delivery of 31.22 % free cash flow compared to Newcrest we would get only 18.57 % of Newcrest. Can not be meant seriously.
What a lousy deal! And our 2. Brucejack mine (the big North Block extention) and our 3. Brucejack type Mine (Golden Marmot) are not calculated in any way... !!!
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source for all figures is: YahooFinance statistics for PVG and NCMGY expressed in USD.