RE: The Nighwatch14 Apr 2025 19:25
Exactly Element! Shaun Day has aluded to that for some time time, saying that Newmont may sell some shares to provide added liquidity for the ASX listing.
In fact he stated the following in an interview with Liam on Aim On Air back in September last year:
"But if people are familiar with the Australian market, something like Evolution, now Australia’s second largest gold company, this started life in similar manner, where Newmont had a very large stake, and ultimately sold down that stake, but did so in a way with the company, where they actually bought in some new high quality institutional shareholders. It was something that actually benefited for the company rather than being an overhang."