Thing that pisses me is that in the Market release they make a point of saying it's a 46% premium to the NCM closing price prior to the initial offer. Hang on - the GDX.ax (I.e. the gold miners index) is up 15% since that date so that 46% is all smoke and mirrors. It's on a NCM letterhead too, which makes me believe that the NCM board will accept this.
Ann: Revised non-binding indicative proposal from Newmont, page-26
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