what a load of crap. It is not enough money for NCM...

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Cocky5

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06/02/23

19:11

Post #: 66103233
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Originally posted by tankhexman: ↑

." Newcrest said it is considering the new proposal with its financial advisers, J.P. Morgan and Gresham Advisory Partners, and legal adviser Herbert Smith Freehills. It said the indicative proposal is subject to several conditions that include granting exclusivity to Newmont." WSJ

Newcrest produced 1.9 Moz of gold and 121,000 t of copper in its 2022 financial year, while Newmont’s 2022 full-year guidance was 6 Moz of attributable gold production.Newmont, already the world’s biggest gold miner by production, said: “This represents a compelling opportunity for the shareholders of both companies to share in the upside of putting together two complementary businesses.”Tom Palmer, President and CEO of Newmont, said: “We believe a combination of Newmont and Newcrest presents a powerful value proposition to our respective shareholders, workforce and the communities in which we operate. The proposed transaction would join industry-leading portfolios of assets and projects to create long-term value across the combined global business, and we welcome the consideration of Newcrest’s Board of Directors.”Newmont’s proposal is subject to certain customary conditions, including due diligence to the satisfaction of both parties, entry into a scheme implementation agreement and a recommendation from the Newcrest Board of Directors that Newcrest shareholders vote in favour of the proposal

Cu , sovereign security and future Au price/production would IMO put the T/o sp north of $37

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what a load of crap. It is not enough money for NCM shareholders.

NCM is worth $40

NCM Price at posting: $24.53 Sentiment: Hold Disclosure: Held
11 Upvote

0 Great analysis

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what a load of crap. It is not enough money for NCM...

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