$96m, I don't think Genesis has that sought of cash on hand.
BlackRock cashed out 1% of NCM on the 18th of August. That gave them approx $230m cash to invest in another ASX Gold miner. RED still presents much better value than any other gold producer.
All these super accounts/managed funds that hold newcrest CANNOT hold newmont. They hold NCM in an AUSTRALIA share/manged fund which means it needs an ASX listing. They will be able to do an inhouse transfer to their global/international funds of some of their newmont stock, but still need to replace the ASX asset. GMD isn't really producing. EVN and NST are expensive compared to RED
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Last
37.5¢ |
Change
0.005(1.35%) |
Mkt cap ! $2.550B | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 37.0¢ | $5.609M | 14.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 311637 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 1805403 | 9 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |