Geez this thread has some real DHs. For straters my opinion is my opinion only, i never said a third bidder or this 50.1% was "impossible" just unlikely. I have stated the reason I didn;t sell majority of my shares despite concerns this draw was engineered and the TO would stall at $1, because I might be wrong, a third bidder or TO panel might break the stalemate , and so there was upside vs almost no downside near $1.
I didn;t read anyone else saying Mr Ghana was in this to fight all the way for sole control? It looks like a friendly contact making a convenient, cheaply managed 'higher offer' piitched at a safe $1.05 that SG will match at the minimum. That Mr Ghana didn;t want to chase it beyond 60c back in June makes it unlikley he really needs to have Namdini 6 months later at $1.05.... now over 40% has already been tied up by two other bidders. The simplest explanation is that Mr Ghana is doing Archie-Malak a favour in their time of need.... occam's razor
Let's consider your explanation... "What about the notion that one of either SG or Nord, want out of the race and this Ghanian bid offers them an exit. Not only a profit, but also a way of sticking it to the opponent."... Where to even start with that peice of illogical gymnastics? You bag me out for suggesting Nord-SG did a backroom deal to settle for a cheap JV draw rather than an expensive one, now you suggest one of these two has actually done a backroom deael to sell out to Mr 11th hour, conditional, no FIRB yet bid
Then you suggest the fight's gotten so personal between the two bidders, that Nord will sell to Mr Ghana at $1.05 and walk away just to stick it to SG
This is business not a bikie turf war, beggars belief Nord, who is happy to go down the 'cheap shared control' path, would walk away for another 5c just to stick it to SG. Did you even think aboiut that post before hiitng send?
Tell you what, I'll accept your wager that Nord-SG don;t do a JV in due course so long as we make the same size bet that neither Nord or SG sells to Mr Ghana... draw up the paperwork please. Until this third bidder turned up their wasn;t much other option than these two sharing control... and the market agreed. If not a JV scheme later on, can you explain how else GF is going to get their $50M call option paid out if Nord dont get 50.1% ?
Actually, now thinking this was just a prank post... you're messing with me for a laugh right?
