Do nothing to maximise Newcrest shares
Lihir's shares are currently suspended from trading as per the timetable for the Newcrest merger. Our advice to Members that wish to maximise their allocation of Newcrest shares is to do nothing. Shareholders that do nothing will default into the “Max shares” option.
If not enough shareholders have opted for “max cash” or the “mixed consideration”, then the number of shares will be scaled back because there is an upper limit of 280,988,130 new Newcrest shares that will be issued. However, the scale back will not go below the number of shares issued to shareholders that elected the “mixed consideration”.
Those Members that would prefer to maximise the cash element of the deal should select "max cash" and return the election form by 6 September 2010. The election can be made via the internet at www.lglgold.com.
DISCLAIMER
Fat Prophets has made every effort to ensure the reliability of the views and recommendations expressed in the reports published on its websites. Fat Prophets research is based upon information known to us or which was obtained from sources which we believed to be reliable and accurate at time of publication. However, like the markets, we are not perfect.
This report is prepared for general information only, and as such, the specific needs, investment objectives or financial situation of any particular user have not been taken into consideration. Individuals should therefore discuss, with their financial planner or advisor, the merits of each recommendation for their own specific circumstances and realise that not all investments will be appropriate for all subscribers.
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As at the date at the top of this page, Directors and/or associates of the Fat Prophets Group of Companies currently hold positions in Avexa (AVX), Evolution (EVN), Cerro Resources (CJO), Energy Action (EAX), Mt Isa Metals (MET), Telstra (TLS), Woodside Petroleum (WPL), ANZ (ANZ), Austar (AUN), Carsales.com (CRZ), Gold Road (GOR), IOOF Holdings (IFL), Magellan Financial group (MFG), Paladin Energy (PDN), QBE Insurance (QBE), Platinum Australia (PLA), Datasquirt (DSQ), Hodges Resources (HDG), Newcrest Mining (NCM), Oil Search (OSH), Zambezi Resources (ZRL), Auroa Minerals (ARM), Billabong (BBG), Pioneer Resources (PIO), Runge (RUL), Westpac (WBC). These may change without notice and should not be taken as recommendations.