According to the news: "NEWCREST Mining will today update the market on its rejected $9.9 billion scrip and cash bid for Lihir Gold, after talks this week with shareholders on whether it should offer more or walk away."
But in NCM announcement, "In relation to the proposed combination with Lihir Gold Limited, announced just prior to Easter, Mr Smith said the Cadia East development demonstrates the strength of Newcrests organic growth pipeline and the growth options available to the company whether or not the Lihir proposal proceeds."
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