If your notional starting point is the stated $5.9 billion free cash flow (will increase) then:
1. Remain DEG 100% owned, GOR gets $1.18B (20%) add 20% of upside with no additional cost
2. JV at true 1/3 each, GOR gets $1.96B (33%) add 33% of upside minus contribution to mine/ops if any
3. T/O by GOR and say Gold Fields, GOR gets $2.95B (50%) add 50% of upside minus contribution to mine/ops if any
It should be pretty clear what GOR is thinking, and why their holding is so strategic.
The question has been and always will be what price to turn the insto's +40% from 1. to 3., can't see that 2. would interest them.
GLTAH!
a song for the weekend, page-210
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Last
$1.23 |
Change
0.020(1.66%) |
Mkt cap ! $2.935B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.21 | $8.926M | 7.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 334167 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 25000 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |