Post by
RatPatrol on Nov 03, 2020 6:24pm
Another Shoe To Drop?
And maybe another after another.
Shoes may fall around here like off a tilted rack in Amelda's clothes closet.
All of this against a backdrop of rising prices for copper, silver, and gold.
SIGNPOSTS Around Newcrest
1) Newcrest owns 32% of Lundin Gold as well as having JUST paid $500 million for an NSR on Lundin's Fruta del Norte production (also in Ecuador).
2) Newcrest owns 13% of SolGold.
3) Newcrest is building a relationship with Cornerstone, which has 7% of SolGold shares and an unencumbered 15% of SolGold's Cascabel property.
4) Newcrest NEEDS to make a sharing agreement with BHP to avoid an expensive takeover battle.
AND Another Shoe
The Lundin relationship of Fruta del Norte may be used as a template for Cascabel.
Cornerstone shareholders may be offered Newcrest shares in exchange.
AND ANOTHER SHOE
BHP and Newcrest might agree to divide SolGold up as a joint venture on Cascabel while spinning out other properties, possibly under CGP sponsorship.
WHAT DOES THIS BEGIN TO LOOK LIKE FOR NEWCREST?
Newcrest's interest in SolGold/ Cascabel NOW begins to look like its interest in Lundin Gold/ Fruta del Norte; minority share ownership with an NSR on 15% of Cascabel.
We c.....
DYODD