While anything is possible in this industry the avaricious nature of the top dogs in the gold mining industry means that they are reluctant to share. Look up the history of the Boddington Gold Mine. It was a three way joint venture between Newcrest, Normandy Resources and Anglogold (if I recall correctly) but Newmont wanted 100% of it and they were ruthless in getting it. Newcrest accepted the offer made by Newmont and survived. Normandy refused the offer so Newmont took over Normandy in order to get the third that was owned by them. Anglogold didn't want to get stuck with a minority holding so the sold to Newmont. I guess it is a matter of who is bidding and who is dealing that will determine how the game is played.
DEG - Expect news on Thursday, page-39
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Last
$1.21 |
Change
0.055(4.76%) |
Mkt cap ! $2.899B | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.21 | $1.19 | $9.324M | 7.770M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33645 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.21 | 12149 | 1 |
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| DEG (ASX) Chart |