In simple terms ....6 Sep 2023 22:12
As I see it, there are two main issues currently.
The first is the lack of decent comms from the Board bearing in mind this is an AIM listed share, but then again, SD's hands are no doubt tied at the moment behind hsi back because of Newmont. But I do think he should have come over in June to explain the steps involved in the process and to alleviate any fears and to face the music and answer queries on the sp decline generally.
Secondly, Newmont, through their actions, have currently thrown us under the bus! We just can't do anything because of their r(u)ddy takeover of Newcrest and we have no option but to wait until the vote is concluded for the news flow to then begin.
I did think the Rio JV when announced would help lift us somewhat sp wise, but am mortified that instead, the mm's just keeping dropping us further. Is there anything Rio can do to help lift us other than move at a pace, which they seem to be doing?
By the sounds of that message posted below from SD, it looks as though it will be a takeover and not a buy out of our 30% share, but I still think that Rio could come to the rescue, as do they really want Newmont to become the biggest gold miner out there? really? can't see it myself. I think Rio will have a plan, and I'm hoping they will take that the 70% and then let us buy the difference to give us 49% or 51%, possibly in exchange for something else? can't think what though right now! Rio get what Rio want, and they're worth a lot more than Newmont! RTZ market cap Ā£80,766.13m v Newmont market cap 30.87bn.
Sign In
Follow the stocks
