"Markets Live-Resources help life ASX."- Sydney Morning Herald,...

"Markets Live-Resources help life ASX."- Sydney Morning Herald, 10 Oct 2016
www.smh.com.au/business/markets-live/markets-live-asx-set-to-rally-on-oil-20161010-grzb38.html

Extract:  [Look at 12:00pm with a gold bar symbol]

"BHP has unsuccessfully sought to s p o i l  Newcrest Mining bid to take a strategic stake in promising copper and gold junior Solgold in a battle between 2 of Australia*s biggest miners."

"BHP*s US$305m offer to Solgold...was made on Saturday, barely 5 days before Solg shareholders were due to vote on whether to approve Newcrest*s bid to take 10% stake in their co."

"At stake is a copper gold and zinc deposit that has already been compared to Rio Tinto*s Oyu Tolgoi copper mine in Mongolia despite having just 17 exploratory holes drilled into it so far."

"Newcrest has been in discussions with Solgold since Aug 2016 and in Sep 2016 it offered US$22.8 million for 10% of Solgold shares...."

Observation:
I had seen the above article a few days ago but did not post it. This has not been posted anywhere before so the information is fresh.

I am now posting the Sydney Morning Herald*s take on the BHP bid and when taken with what Mr Biswas, CEO of Newcrest has said on Nov 21, 2016 at Investors Presentation Day in Sydney, Australia, it makes sense relating to the "behind the scenes" happenings.

As for the previous article, "Newcrest cool on possible 2nd play by BHP Billiton for Solgold."-S & P Global, Market Intelligence, 23 Nov 2016  the link was bit.ly/2gmSo8N but this has to be entered into the search engine or Google as it is a shortened link.

Interesting.

Sol1  26 Nov 2016