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

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Gainzmaster5000

2,190 Posts.

635

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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Last $1.18		Change 0.040(3.51%)		Mkt cap ! $2.701B

Open	High	Low	Value	Volume
$1.15	$1.19	$1.15	$8.277M	7.082M

Buyers (Bids)

No.	Vol.	Price($)
66	236366	$1.18

Sellers (Offers)

Price($)	Vol.	No.
$1.18	67369	20

View Market Depth

No.	Vol.	Price($)
64	235897	1.175
25	145506	1.170
13	209443	1.165
17	451430	1.160
7	66657	1.155

Price($)	Vol.	No.
1.180	30734	20
1.185	149849	31
1.190	235960	19
1.195	219307	20
1.200	255503	15

Last trade - 12.32pm 16/05/2024 (20 minute delay)


Last $1.18			Change 0.040 ( 2.84 %)
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