RE: "Immense Opportunity"30 Jun 2024 19:33
Just read this article shared in telegram group. Looks like it wont be long now.
https://www.usfunds.com/resource/major-mining-firms-are-investing-billions-in-zambias-copper-industry/
According to Bank of America, with respect to the non-core asset sale process at Newmont, both Akyem and Telfer are expected to be concluded, with proceeds paid-out, in the second half of 2024. The Akyem process was described as “competitive” and expected to be paid all in cash; Telfer might be a mix of cash and equity. The non-core North American asset sales are more likely to conclude in early 2025, with cash payment preferred, though NEM might consider equity.