NAG share trading, page-17

"Newmont bought Continental shares at C$4,00 apiece, a 46% premium to the share price at the time. It was hailed as a major achievement for Continental as the premium was astonishing and also such a large investment from a major is very rare – you can count the number of strategic investments in the mining sector above $75 million since 2015 using the fingers on your two hands. And yet, Sussman claimed that the company could’ve received even more from Newmont, had it wished:
Sussman says that Newmont wanted to buy a larger stake, but Continental kept it at 19.9%. "The Newmont investment was the best of all options at the time, because the premium was so great. But it likely puts us in play at some point," he says. "Our strategy is to extract as much value out of the ground now, so that any producer attempting to acquire us in the future will need to pay for this additional upside." - "Site visit: Continental Gold cruising to production at Buritica" - The Northern Miner"