Newmont is the largest mc but the second largest producer.
Shamer and I were looking at this a couple of weeks ago when the news was just rumour.
Shamer has a lot of news about how NST directors acquired Paulsons but I am not sure that he can divulge all that on this forum. Looks like Newmont want back in and have for a long time.
The 90c and 91.4 I have to question as the sp of Novo has not been that low.
A 30% stake shows that they reserve the right for a full take over.
That being the case, they could take Deg out in a blink if they like what they see.
I wonder what the dumb Aussies are thinking about the possibility of the wit2 hypothesis now.
These guys could pick us up for a song atm while the majority of Aussies are still in disbelief.
I have been squawking on about the value of deg for long enough to be giving people a ear ache and here comes the proof. Fingers crossed, they do not take us over as we will never get to see anything like full value.
I have noticed that the sp of all of these players are not moving up on the news yet other than Novo in the last few months and now we know why.
In my opinion, Newmont would be crazy not to make a move at these low valuations and the sooner the better for them. I would prefer to see them take a large stake instead and give us some more spending money to develop and prove more.
The news just keeps getting better but the longer they take to make decisions the better our sp should be.
We have great news coming within the next four weeks, let's hope we see a sp a lot higher than it is now.
If they offered 50c now, they would probably get it and that is still only a mc of ~167m.
This will give the thread a boost for discussion.
Thanks @BanjoAU for the update.
Wack.
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