re: Ann: CQT: NQM's Major Shareholder Acc... What is next. Walkers behaviour has appeared irrational on the surface. Maybe he simply has an affinity for the CQT offer. This is hard to believe, so other logic. Maybe he wants to sell and is using CQT to create an environment to get the best price? To keep the game alive.
If that is his motive, there would have to be an escalation clause in his acceptance.
If CQT had lost the 20% to HSK, the game was over for them imo. HSK would likely mop up another 30% for a controlling interest on their current offer.
Presuming CQT do have this 20%, the game is back on. Have to give credit to CQT for being so tenacious.
HSK are accumulating to balance this, with an offer that safeguards most of the upside (especially if they get control). They have the pledged holdings of Newmont (8%), non-conflicted directors (4%), and likely various other informal expressions that match this.
HSK are no mugs and will prove equally strident in protecting (& increasing) their 40% Pajingo interest. Gold is now their big focus and other operations are for sale. A big game changer would be the sale of their Spanish operation. They are anticipating $70m into their coffers and a boosted sp when it occurs. Timing is important.
In general - game on.
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