@RVR had a good post today in another thread quoted below about NST being shortlisted for final bids for Super Pit.
Question for shareholders...depending on price would this be a good or bad acquisition and why?
https://hotcopper.com.au/threads/ann-compulsory-acquisition-notice-echo-resources-takeover.5050744/page-13?post_id=41248492
“AUST today (extract):The sales process for the Super Pit gold mine in Western Australia is gathering steam, as shortlisted bidders get ready to submit their final offers for the iconic asset by November 15.
Into the second round for a half-share of the $1bn-odd mine are believed to be Northern Star, Evolution Gold and China’s Zijin Mining, while the $3.16bn Saracen Mineral Holdings should not be discounted.
Barrack Gold is selling a 50 per cent stake in the asset through investment bank Credit Suisse. The remaining interest held by Newmont Goldcorp is also expected to come up for sale.
Expectations are that Barrick’s 50 per cent interest in the Super Pit will sell for between $US300m and $US400m ($436m- $581m). Northern Star is the frontrunner. Should Northern Star or Evolution Mining buy the interest, an equity raising could be launched.
Barrick came close to selling its stake in the Super Pit in 2016 through Credit Suisse to China’s Shandong Tyan Home for $1.36bn, but the deal collapsed. The 3.5km long, 1.5km wide Super Pit is Kalgoorlie’s biggest employer. It skirts the southeast edge of the town and envelops the bulk of the so-Independence is offering $312m for the business“
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@RVR had a good post today in another thread quoted below about...
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