That there has been no company announcement, only Reuters news says much about Newcrest. And then zero discussion by shareholders speaks to the apathy here.
To me it is a sad day for Australia. It is so typical that we will just hand over our largest gold mining company for a pittance of what it is potentially worth. Shareholders are treated like fools and are being offered $1.10 dividend for their silence. But that's it, it's gone.
Our government and regulators are a joke and are treated just so by foreign raiders.
Gold is the anti USD yet it is the American hedge funds and large banks that have appeared as the largest shareholders in so many of our mining companies because they understand how important gold is in this world on the brink of financial collapse.
Shareholders should vote against this deal and keep Newcrest in Australian hands.
NCM Price at posting:
$25.09 Sentiment: Hold Disclosure: Held
