re: sharetrader78 Making a move on PXG by Zijin will trigger a...

re: sharetrader78
Making a move on PXG by Zijin will trigger a material event that impact or delay privatizing NGF by the timeframe, as NGF is also a near 10% holder of PXG. My guess is it can't happen before the scheme of arrangement that is happening now for NGF, but this doesn't stop them from doing a strategic partnership if the announcement is relating to Zijin.

It is clear that Dr Chen will remain as CEO for Zijin Australian Operations or an expanded Non-China Asia-Pacific Operations, given rumours that Zijin is also looking at Newcrest's Telfer and PNG operations.


re: unya2585
I doubt it would be EVN given its expensive move on White Foil and Frog's Leg Mines (but then again it could). But I think its more likely NST (if not Zijin) as they are cashed up and on the acquisition move. I doubt it would be MLX despite they too are cashed up, as MLX's mines are more closer to SLR's opts on the other side of the Superpit.

But given NGF's near 10% stake in PXG, will likely give Zijin the means to block other takeovers from other companies, but not a strategic partnership, unless it can launch a takeover itself first.