{"id":298,"date":"2010-04-03T00:09:26","date_gmt":"2010-04-02T13:09:26","guid":{"rendered":"http:\/\/www.australian-gold.com\/blog\/lihir-gold-asx-lgl-soars-on-hostile-takeover-news\/"},"modified":"2010-04-03T00:09:26","modified_gmt":"2010-04-02T13:09:26","slug":"lihir-gold-asx-lgl-soars-on-hostile-takeover-news","status":"publish","type":"post","link":"https:\/\/www.australian-gold.com\/blog\/lihir-gold-asx-lgl-soars-on-hostile-takeover-news\/","title":{"rendered":"Lihir Gold ASX: LGL Soars on Hostile Takeover news"},"content":{"rendered":"<p>Lihir Gold one of Australia&#8217;s most prolific gold producers has come under attack by another very large and powerful gold company Newcrest ASX: NCM.<\/p>\n<p><a href=\"http:\/\/www.australian-shares.com\/mining\/NCM\">NCM&#8217;s<\/a> ~AUD$8.5B bid, probably the largest amount ever offered for an Australian gold miner has put <a href=\"http:\/\/www.australian-shares.com\/mining\/LGL\">LGL<\/a> into play and LGL&#8217;s out of hand rejection seems to have initiated the beginning of &#8220;hostile&#8221; takeover attempt by NCM.<\/p>\n<p>One wonders if there isn&#8217;t another player in the wings or that NCM needs to bulk up to protect itself from Newmont or perhaps even one of the major diversified miners.<\/p>\n<p>What seems clear is that Friday&#8217;s 33% rise could be just the start of the action for Australian investors with LGL shares&#8230;. perhaps witnessed by even the Fat Prophets not calling it a sell as they seem so prone to do.. with their recommendations lately at the beginning of a takeover attempt to cut and run.<\/p>\n<p>So more to come is my guess&#8230;..<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.australian-gold.com\/blog\/wp-content\/uploads\/2010\/04\/lgl-jumps-1.gif\" alt=\"lgl-jumps\" title=\"lgl-jumps\" width=\"585\" height=\"597\" class=\"alignnone size-full wp-image-297\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lihir Gold one of Australia&#8217;s most prolific gold producers has come under attack by another very large and powerful gold company Newcrest ASX: NCM. NCM&#8217;s ~AUD$8.5B bid, probably the largest amount ever offered for an Australian gold miner has put LGL into play and LGL&#8217;s out of hand rejection seems to have initiated the beginning [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-298","post","type-post","status-publish","format-standard","hentry","category-gold-blog"],"_links":{"self":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/comments?post=298"}],"version-history":[{"count":0,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/posts\/298\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/media?parent=298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/categories?post=298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.australian-gold.com\/blog\/wp-json\/wp\/v2\/tags?post=298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}