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Nevsun heeft koper, zink en veel cash

402 Posts
Pagina: «« 1 ... 16 17 18 19 20 21 »» | Laatste | Omlaag ↓
  1. forum rang 10 DeZwarteRidder 9 augustus 2018 15:07
    Added Dave Smith, Chair of the Special Committee: "We have actively and extensively engaged with Lundin over the last several months, including offering access to confidential information and detailed management presentations. Our continual message was that we require full and fair value that reflects the strategic value of all our assets, and the interests of our shareholders. Our Board's focus is squarely on shareholders' interests, and with our advisors we have been actively considering available opportunities to maximize value for shareholders through a strategic investment in Nevsun. To ensure we have left no stone unturned, the Board has commenced a strategic review process to consider all alternatives available to Nevsun to maximize value – above and beyond the proposals already generated by Nevsun's recent strategic investment process – including a potential acquisition of Nevsun as a whole. Discussions are ongoing with several parties that have expressed interest in value-enhancing alternatives to Lundin's hostile bid, and we fully expect that superior offers or other alternatives will emerge from this process."

    Since March 2017 the Board of Directors and management have been actively involved in the review of various financing alternatives to support the development of the Upper Zone of the Timok Project, and the Company has signed 18 non-disclosure agreements with parties to that end.

    This process culminated on August 7, 2018 with four proposals being received from major and mid-tier mining and smelting companies indicating their willingness to purchase up to a 19.9% equity interest in Nevsun along with various proposals for partnering to develop the Timok Project. Three of these proposals to acquire a non-controlling interest in Nevsun are at a premium to the price per Nevsun share offered in the Hostile Bid for full control of Nevsun. The Nevsun Board is evaluating these proposals, and with its advisors will also review all value-maximizing alternatives in the context of Lundin's undervalued offer, including, but not limited to, an acquisition of all outstanding Nevsun shares.

    Tendering Nevsun shares to Lundin's opportunistic Hostile Bid before the Board and its advisors have had the opportunity to fully explore all available strategic alternatives to maximize shareholder value may preclude the emergence of a superior alternative transaction.

    Lundin's Hostile Bid is open until November 9, 2018. Shareholders are urged to TAKE NO ACTION as Nevsun's Board pursues a full range of value-maximizing alternatives.
  2. forum rang 10 DeZwarteRidder 9 augustus 2018 15:07
    quote:

    seadoc schreef op 9 augustus 2018 15:04:

    Zoals voorspeld, ze hebben er wel een heel verhaal van gemaakt. Wat denk je er van Ridder?
    Nevsun's Board of Directors Rejects Lundin Mining's Hostile Bid; Offer Does Not Recognize the Value of Nevsun's Assets; Company to Proceed with Full Strategic Review
    T.NSU | 1 hour ago

    Canada NewsWire

    VANCOUVER, Aug. 9, 2018

    Nevsun's Board recommends that shareholders REJECT the Hostile Bid and
    DO NOT TENDER YOUR SHARES

    VANCOUVER, Aug. 9, 2018 /CNW/ - Nevsun Resources Ltd. (TSX: NSU) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company") today announced that its Board of Directors, after careful consideration and receipt of the recommendation of a special committee of its independent directors (the "Special Committee"), and after consultation with its financial and legal advisors, has rejected the hostile offer by Lundin Mining Corporation ("Lundin"), to acquire all of the outstanding shares of Nevsun for C$4.75 per share in cash (the "Hostile Bid"). The Board unanimously recommends that Nevsun shareholders REJECT the Hostile Bid and not tender their shares. In the Board's view the Hostile Bid:

    Fails to recognize the fundamental and strategic value of Nevsun's unique portfolio of producing and development assets, underpinned by the world-class Timok Project
    Provides an inadequate premium for control, lower than precedent transactions
    Is lower in value than previous transactions proposed by Lundin to Nevsun
    Is lower in value than other alternatives which are expected to emerge

    "The Nevsun Board of Directors is unanimous in its belief that the Lundin offer substantially and fundamentally undervalues Nevsun and fails to reflect the strategic value of our asset base," said Ian Pearce, Chairman of Nevsun's Board of Directors. "The TImok Project is one of the world's best development stage copper projects, and our Bisha mine continues to generate strong operating cash flow with a mine life that has recently been extended. These assets together represent excellent current and long-term value to our shareholders, and demand a significant premium from anyone who would intend to acquire them. Both the market and equity research analysts have recognized the progress Nevsun has made. Rather than reflecting this enhanced value, Lundin has offered an inadequate premium that is below precedent transaction values, and indeed below copper transaction values that Lundin itself has previously executed. The inadequate value is underscored by the fact that Nevsun's shares have traded higher than the offer price each day since Lundin launched its hostile bid."

  3. Bullish_2015 9 augustus 2018 15:28
    quote:

    seadoc schreef op 9 augustus 2018 15:24:

    Als Lundin niet verhoogd komt er een geheid een 20% belang van een major en dan kan Lundin Timok uit zijn hoofd zetten.
    Als er ook een premium op dat belang zit, dan komt er ook een grote REJECT op 5 cad. Dus Lundin moet of een goed bod doen of inderdaad Timok uit het hoofd zetten
  4. seadoc 10 augustus 2018 23:43
    Nevsun Resources Ltd. says companies in China, Japan and Western countries are among potential white knights that have expressed interest in buying the miner as it seeks to ward off a hostile takeover by Lundin Mining Corp.

    “Several companies have indicated an interest,” Nevsun Chief Executive Officer Peter Kukielski said Thursday in a phone interview. The potential suitors are a variety of sizes and span the globe. Other parties are interested in acquiring a minority interest, he said.

    Vancouver-based Nevsun said earlier on Thursday in a statement it began a strategic review to consider alternatives to Lundin’s hostile takeover bid and urged shareholders to reject that offer. They have until Nov. 9 to tender shares.

    “Make no mistake, we will explore all of the alternatives well in advance of the Nov. 9 date and we fully expect a superior alternative to emerge,” Kukielski said in the interview.

    Deep Pockets
    Lundin formally launched a hostile takeover bid last month, arguing deep pockets will be required to develop the Timok copper-and-gold project in Serbia and the Bisha mine in Eritrea. Toronto-based Lundin has been trying to acquire the company since October.

    “Although we are disappointed that the Nevsun board of directors has rejected our offer, we are pleased to see the board has now begun a strategic review process to consider and evaluate a sale of the entire company,” Marie Inkster, Lundin’s chief financial officer and incoming CEO, said Thursday in an emailed response to Nevsun. “We trust that Nevsun will allow its shareholders a full opportunity to evaluate Lundin Mining’s offer, and other offers for the company as a whole, without disruption of a pre-emptive minority strategic investment or other dilutive transaction.”

    Under Lundin’s bid, Nevsun shareholders would receive C$4.75 ($3.64) in cash for each Nevsun share tended. That represents an 82 percent premium to the closing price of C$2.61 on Feb. 6, the date it first proposed taking over the company. Nevsun shares closed in Toronto at C$4.93 on Wednesday, giving it a market value of C$1.49 billion.

    Target Price
    In addition to undervaluing the portfolio, Lundin’s latest bid is lower than previous transactions it proposed, and also lower “than other alternatives which are expected to emerge,” Nevsun said in its statement.

    Kukielski declined to say what he thinks the company is worth, saying its value would “crystallize” over the course of the strategic review. “Maybe it’s worthwhile my pointing out to you that the consensus target price of analysts for Nevsun is C$5.88 a share,” he said.

    As of Thursday, the average 12-month target price for Nevsun was C$5.62 a share, according to data compiled by Bloomberg.

    On Thursday, Nevsun rose 0.4 percent to close at C$4.95 in Toronto.
  5. forum rang 10 DeZwarteRidder 5 september 2018 12:19
    quote:

    seadoc schreef op 5 september 2018 12:17:

    Daar zijn de Chinezen. Dank aan ridder voor het aanbrengen van dit fonds:
    Friendly All-Cash Agreement for Nevsun to be Acquired by Zijin Mining for US$1.41 billion
    T.NSU | 1 hour ago

    Canada NewsWire

    VANCOUVER and FUJIAN, China, Sept. 5, 2018

    Consideration of C$6.00 per share represents 57% premium to unaffected Nevsun share price

    Board of Directors unanimously recommends Nevsun shareholders ACCEPT the Offer

    VANCOUVER and FUJIAN, China, Sept. 5, 2018 /CNW/ - Nevsun Resources Ltd. (TSX:NSU) (NYSE AMERICAN: NSU) ("Nevsun" or the "Company") and Zijin Mining Group Co. Ltd. (SH:601899, SEHK:2899) ("Zijin") today announced that the parties have entered into a definitive agreement pursuant to which Zijin will make a take-over bid to acquire all of the issued and outstanding shares of Nevsun for C$6.00 per share in cash (the "Offer"). The Offer is valued at C$1.86 billion (US$1.41 billion).

    The cash consideration of C$6.00 per share represents a premium of 57% over Nevsun's unaffected closing price of C$3.82 on May 7, 2018, the day Lundin Mining Corporation ("Lundin") first publicly announced its intention to acquire Nevsun. In addition, the Offer is C$1.25 per Nevsun share, or 26%, more than the C$4.75 per share hostile take-over bid for Nevsun launched by Lundin on July 26, 2018. The Offer is not subject to any financing conditions.

    Details of the Offer will be included in a take-over bid circular that Zijin will file and mail to Nevsun shareholders in the coming days, but no later than September 18, 2018. Nevsun's Board of Directors unanimously recommends that Nevsun shareholders tender their shares to ACCEPT the Offer. The basis for this recommendation will be included in a Nevsun Directors' Circular that will be filed and mailed to Nevsun shareholders concurrently with the filing of the Zijin take-over bid circular. Nevsun's Board of Directors continues to recommend that Nevsun shareholders REJECT the hostile take-over bid launched by Lundin on July 26, 2018 and NOT tender their shares to the Lundin offer, which will expire on November 9, 2018.

    "This premium transaction is an excellent outcome for our shareholders, and the result of a rigorous and competitive global process to generate maximum value for Nevsun's outstanding assets," said Ian Pearce, Chair of Nevsun's Board of Directors. "The all-cash consideration of C$6.00 per share better reflects the fundamental value of Nevsun's mining and development assets, while also providing an appropriate change of control premium to our shareholders."

    "Zijin is a proven mining industry operator with a US$10 billion market capitalization and a demonstrated track record of successfully completing international transactions. The Board unanimously recommends that Nevsun shareholders tender their shares to accept this offer and receive the significant value that it represents."

    Chen Jinghe, Chairman of Zijin, added, "Nevsun is an exceptional operator, with a strong focus on safe, efficient and sustainable mining practices. As the new owner we will continue that focus, and we look forward to working with stakeholders in Eritrea and Serbia to advance these mining and development assets. At the Bisha mine in Eritrea, our objective will be to further extend the life of the mine and explore for new deposits. At the Timok Project in Serbia we intend to rapidly develop the Upper Zone and bring it into production, and continue to advance and define the world-class potential of the Lower Zone."

    Nevsun's Board of Directors had previously rejected the hostile bid from Lundin on the grounds that it, among other reasons, ignored the fundamental value of Nevsun's assets. Following the launch by Lundin of its hostile bid, a special committee of Nevsun's independent directors (the "Special Committee"), with the assistance of Nevsun's advisors, initiated a review of all value-maximizing alternatives, including, but not limited to, an acquisition of all issued and outstanding Nevsun shares. This process has involved a number of global parties undertaking comprehensive due diligence on Nevsun. The Offer is a result of this full strategic alternative review process. Nevsun's Board of Directors and the Special Committee concluded that the Offer currently represents the best alternative available to Nevsun and provides Nevsun shareholders with the highest value proposition.
  6. forum rang 10 DeZwarteRidder 5 september 2018 18:44
    quote:

    seadoc schreef op 5 september 2018 18:34:

    Lundin zal er wel niet meer overheen gaan vermoed ik. Dan houden ze wel geld over bij lundin. Kunnen ze wat anders kopen. Grote koperdeposits in veilige landen lijken in aanmerking te komen. Dat zijn er niet zo veel...
    Taseko is perfect voor Lundin.
  7. seadoc 9 september 2018 10:48
    Ik dat dit het is. Lundin is out. En ze hebben echt wel gezocht bij Nevsun en kwamen bij de chinees uit. Was iemand bereid daar over heen te gaan hadden ze het denk ik wel gemeld. Ik denk ook dat meespeelt dat de chinees niet zo'n probleem heeft met bisha, terwijl bisha toch wel een hete aardappel blijft voor een westerse mijnbouwer. Je kunt er op gokken. Je krijgt minimaal 6 cad terug over 4 maanden en een heel klein kansje op meer.
  8. forum rang 10 DeZwarteRidder 9 september 2018 11:16
    quote:

    seadoc schreef op 9 september 2018 10:48:

    Ik dat dit het is. Lundin is out. En ze hebben echt wel gezocht bij Nevsun en kwamen bij de chinees uit. Was iemand bereid daar over heen te gaan hadden ze het denk ik wel gemeld. Ik denk ook dat meespeelt dat de chinees niet zo'n probleem heeft met bisha, terwijl bisha toch wel een hete aardappel blijft voor een westerse mijnbouwer. Je kunt er op gokken. Je krijgt minimaal 6 cad terug over 4 maanden en een heel klein kansje op meer.
    Freeport is de enige die er nog overheen zou kunnen gaan.
402 Posts
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