Newcrest10 Dec 2020 10:50
The idiot and the seemingly genuine guy Steve, did set me wondering about Ecuador. Newcrest raised $1bn, about half went in Fruta del Norte.
Ecuador president, a man called Lenin....
Oil business in Ecuador taken into state ownership, from Shell & Texaco. Now has a terrible safety & environmental record. The mining industry is going the same way. Chinese very active.
My guess, the Institutions don't like the investment, so the steady drop in Newcrest's share price is not all gold price related.
Doesn't matter to GGP? Newcrest would be a cheap purchase for a Major Major, especially with what's to come in a very safe Australia.