Thats possibly the most logical and value-accretive way out of this for all parties, so it will probably never happen!
If NST are thinking that it works for them, a good way for NST to lock up the DEG transaction and free up some money by selling the 50% stake in Gruyere to Goldfields. I think that later part would be the difficult thing to negotiate as to what Goldfields is prepared to pay NST for the 50% stake in gruyere vs what Goldfields are offering now. Assuming that NST have no interest at all in Gruyere and Goldfields have no interest in pursuing DEG and Hemi, and also assuming most GOR shareholders would be happy accepting NST scrip and that current NST shareholders are okay with the increased dilution to tie up DEG and Hemi.
I think any theoretical NST and Goldfields JV partnership running Gruyere would be very uncomfortable and unpopular with both Goldfields and NST shareholders and management.
GOR Price at posting:
$2.83 Sentiment: Hold Disclosure: Held
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