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If Agnico are not the buyer of Newcrest assets, they will be...

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Gainzmaster5000

2,183 Posts.

634

08/03/24

06:26

Post #: 72804904
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Originally posted by Arh0070: ↑

Fascinating video today on an interview with Tom Palmer CEO of NEM.Confirmed what I have already said that the reason for Newcrest takeover was the tier 1 assets in British Columbia.They are selling off tier 2 assets in Canada,US and Australia.These tier 1 assets contain copper which seems to be the focus of many of the majors interests these days to diversify away from purely gold.This is going to be their focus for many years going forward.ZERO chance they will takeover DEG .Clearly DEG is going to have to go it alone .
Though I am critical of DEG they are superb in two areas .
1)geological team, which has made this tier one discovery .
2)public relations dept which has managed against all odds to maintain the share price above what is justified by its assets .They are probably one of the top pr depts in a miner that I have ever seen.

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If Agnico are not the buyer of Newcrest assets, they will be chasing DEG, imo.

DEG Price at posting: $1.33 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $1.24		Change -0.010(0.80%)		Mkt cap ! $2.286B

Open	High	Low	Value	Volume
$1.25	$1.26	$1.24	$3.334M	2.676M

Buyers (Bids)

No.	Vol.	Price($)
7	108705	$1.24

Sellers (Offers)

Price($)	Vol.	No.
$1.24	20490	2

View Market Depth

No.	Vol.	Price($)
7	108705	1.235
18	160071	1.230
4	48228	1.225
9	84962	1.220
3	19321	1.215

Price($)	Vol.	No.
1.240	20490	2
1.245	6738	1
1.250	64311	7
1.255	128773	7
1.260	83372	3

Last trade - 16.10pm 06/05/2024 (20 minute delay)


Last $1.24			Change -0.010 ( 0.44 %)
Open	High		Low	Volume
$1.25	$1.26		$1.24	820175
Last updated 15.59pm 06/05/2024 ?

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