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