0247 GMT [Dow Jones] A potential Newcrest (NCM.AU) acquisition would have merit for
Rio Tinto (RIO.AU), says JPMorgan, noting Rio CEO Tom Albanese's 2010 AGM comments
that "prudent balance sheet management will allow us to take advantage of value
creating opportunities". JPM estimates Rio will have net cash balance of US$18.5
billion by end-2011. Argues that valuation would depend on how much valuation is
attributed to NCM's block-caving skills and optionality, adding that NCM's
copper/gold focus has further diversification potential into other metals through
O'Callaghan tungsten/zinc/lead/copper deposit. Broker believes that a Newcrest/Lihir
(LGL.AU) tie up would make NCM too gold heavy for Rio. RIO last up 0.5% at A$78.34, NCM
down 0.8% at A$33.74.
newcrest sweetens takeover bid for lihir , page-10
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.85 |
Change
0.000(0.00%) |
Mkt cap ! $225.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6680 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 337 | 1 |
View Market Depth
| Last trade - 16.17pm 01/11/2024 (20 minute delay) ? |
| LGL (ASX) Chart |
Day chart unavailable