Well, a great well timed tweet by Paul last Friday - now we have the reality:
Barrick Gold Makes Formal $18 Billion All-Share Bid for Rival Newmont Mining:
https://www.thestreet.com/investing/stocks/barrick-gold-makes-formal-all-share-bid-for-rival-newmont-mining-14876101?puc=CNBC&cm_ven=CNBC
key takeaway point:
Quote: the deal would "unlock more than $7 billion net present value (pre-tax) of real synergies."
with potential synergies like the above IMHO this probably won’t be the last takeover bid in the mining sector for 2019...
have a great week LOMers - reason for post; mining sector/relevance, synergies of mergers/takeover of like/like miners sharing the same commodity. Follow the money - (speculation) profits made from current Gold takeover(s) possibly heading to other commodities not just gold.
tweet by Paul Zimnisky, page-3
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