NCM 0.00% $23.35 newcrest mining limited

Ann: Trading Halt , page-14

  1. 5,331 Posts.

    one has to remember that the company wouldn't want cash reserves to dip below $500 in this environment, meaning any acquisition will need to be funded either through debt or equity.

    in terms martabe in early january analysts were talking around $325 million as a possible starting price, meaning NCM would certainly need to raise money to fund the acquisition.

    I highly doubt NCM would make a play for either LGL or SGX in this environment of surging gold prices, the premium they would have to pay could not be justified.
 
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