likewise.
it was always going to happen in some form given the size disparity of the JV's and how little GOR add value wise. I sold a reasonable amount of gor after the deg deal.
gor has been good to me, ive been in and out of it a lot in the 1.20 to $1.90 range so im a bit sentimental with it.
my criticism of the deal isnt so much the offer (i havent bothered to see if i think its fair or not) but the timeline. feels like a 'shit or get off the pot' and a big call option for Gold fields. if gold price continues going up they get gor fairly cheap, if gold suffers a correction (that is probably overdue) can they pull the pin?
all while holders sit in limbo a bit with capital tied up and at their risk with no ability to participate further in any further gold price upside.
i also cant see an interloper participating given the jv.
not that it matters but i would have preffered to sell half of gruyere only, pass through the nst shares and then return to what they are good at. exploration.
likewise. it was always going to happen in some form given the...
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