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Will Lihir get a Higher Bid?

TAKEOVER target Lihir Gold says it is still possible another suitor will come in to trump Newcrest Mining’s $9.5 billion bid ahead of next month’s shareholders meeting.

Speaking in a teleconference about the company’s second quarter production, Lihir chief executive Graeme Hunt said there was no doubt other parties could come forward and bid more for the gold producer.

“It is a possibility, there is no question about that, but I am not going to speculate on the probability of it happening,” Mr Hunt said.

Read full article: http://wotnews.com.au/view/5340913/



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