NO dilution / NO placing coming15 Oct 2020 09:23
This was the clear message sent by NM in an interview very recently. He was crystal clear on the issue of dilution and has stated he would use other funding options including royalty/streaming deals & bank financing. Very useful having Newmont & BHP on the register but crucially it could be perceived careless to allow them to increase their positions. I do not believe a share placing is being considered. The recent pullback is both a healthy & a clear reminder that shares very rarely enjoy rapid price rises without profit taking occurring.