Sat, 17 June 2017
Solgold on Twitter has just tweeted an article from Mining Weekly about the Newcrest further investment 43 mins ago, 17.6.17
Title: "TRANSFORMATIONAL DEAL AS NEWCREST PUT A FURTHER $40M INTO SOLGOLD AT A SIGNIFICANT PREMIUM"-Mining Weekly, 16 June 2017
It stated that Newcrest first invested $23million in Solgold at 16p on 17 Oct 2016.
Quote:
"SP Angel analyst John Meyer pointed out in a note to clients that $23million was a "punchy sum" to accelerate and continue Solgold*s exploration, and now that they have had further t i m e to examine the property another $40 million is a much greater endorsement of the potential future of this project.
"Furthermore, Newcrest must continue to support certain transactions including a change of control transaction by the Solgold Board and supported by an i n d e p e n d e n t v a l u a t i o n.
"For example, if BHP or Rio Tinto decided to make an offer for Solgold then Newcrest must vote alongside the rest of the Solgold board in accepting or rejecting the potential bid, Meyer explained."
To read the article please click LINK: https://twitter.com/SolGold_plc
Solgold also tweeted 2 other articles from Reuters and Mining.com regarding this deal.
Sat, 17 June 2017 Solgold on Twitter has just tweeted an article...
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