When Newcrest bought Red Chris8 Apr 2020 23:06
This was before before Newcrest bought red chris.
Newcrest plans to fund the acquisition from cash and committed undrawn bank facilities which together amounted to over US$3.0 billion as at 31 December 2018
Latest media release from Newcrest included the following statement.
On 25 March 2020, Newcrest drew down US$600 million under its committed bilateral bank debt facilities to increase its cash on hand.
As at 31 March 2020, Newcrest had cash on hand of around US$1.4 billion and access to a further US$1.4 billion of liquidity in the form of undrawn committed bank facilities.
I very much like the similarities!
BTB