What the hell is going on with Bellevue?

• Goldfields and Gold Road are in discussions for a potential acquisition deal, with Goldfields initially making an offer to buy Gold Road which was rejected, followed by a counteroffer to buy a stake in Gruyere.
• Goldfields eventually flew to Perth for face-to-face negotiations, but delays in response led to Goldfields threatening to go public with the offer.
• The joint venture agreement between Goldfields and Gold Road has previously prevented any acquisition deals, leading to speculation on why a consolidation has not occurred before.

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