GREY:CGOOF - Post by User
Post by
gruntov1on Dec 18, 2018 2:15pm
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Post# 29130454
Hearing More Rumors
Hearing More RumorsThat Newmont not at all happy about how Continental management/Sussman has operated this year. Apparently, the sacrificial lamb offering of the Colombian CEO is NOT adequate.
Remember, as a result of their 19.9% holdings, Newmont has board representation so they know the real scoop. They are foreclosed from adding shares due to the stand still agreement in place.
They may bail, or seek a takeover.
Either way, there is a LOT of risk currently until this plays out.