NCM newcrest mining limited

Ann: Update on non-binding indicative offer from Newmont, page-8

  1. 904 Posts.
    lightbulb Created with Sketch. 69
    Look,

    They declared that special Dividend they could have keep it on their books for operating expenses. Signalling, NEM less cash for you!
    Which NEM would have expected.
    https://www.reuters.com/markets/deals/australian-gold-miner-newcrest-gets-169-bln-buyout-offer-newmont-corp-2023-02-05/

    I think if They do it at 0.43 or 0.44 Most of people would be happy.

    Worse case do 0.4 +$2 Cash + this current Special dividend... 0.29 = $29.41 using the after market. last closing of NEM

    The Stars are aligning

    If no special dividend = Board totally wants to sell NCM
    Have Special Dividend = Board preparing to sell NCM just at a higher price.

    Nowadays to get such good stuff. It's pretty Rare.. Especially not spending a single cent to do a hostile take over.

    So what is it going to be Tom? Higher Price you get to go home and have a legacy of building up the largest Gold miner on the planet.

 
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