You mean Newmont not Barrick and no. The main reason Newmont is trying to take over Newcrest is they want to expand their Australian portfolio for three main reasons.
1. Australia kept Newmont in business during the pandemic as Boddington and Tanimi remained operating the whole time.
2. Newcrest has the biggest ratio of copper to gold in their portfolio compared to norther star etc. Copper is viewed as a green metal ESG compliance tick! So GBZ will be safe.
3. Geopolitical uncertainty in other copper/ gold parts of the world have highlighted to Newmont to return to safer jurisdictions.
Ann: New Yandan Geology Model Defines Compelling Targets, page-49
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Mkt cap ! $11.56M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $739 | 71.70K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 741000 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1043800 | 3 |
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| Last trade - 14.40pm 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 1.0¢ | 33333 | ||
| Last updated 14.10pm 14/06/2024 ? | |||||
| GBZ (ASX) Chart |