RE: 4.8p16 Sep 2024 23:44
Newmont actually got 2.66bn shares. Totally tied in for 12 months and then they can dispose of via an orderly market only for the following 12 months. Which means they will go to Wyloo in all probability
It will be interesting to see how many shares Wyloo took and if any Ii's took substantial positions. There is bound to be some sell off from the 5bn shares issued in the placing but I doubt it will be massive.There doesn't seem to have been much, if any, forward selling yet, which is encouraging.
The retail offer is simply too small to have any major impact on the sp.