OTCQX:GTGDF - Post by User
Comment by
NestStepon Nov 28, 2019 7:02am
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Post# 30401109
RE:RE:More Money from Newmont
RE:RE:More Money from Newmontindeed 1.2$Can should be a new bottom as of today. This cannot be overstated.
Newmont is in divesture/Sell mode and i think it`s not a coincidence newmont this week announed it will sell Red Lake for a sum that is likely about what a takeover and some CAPEX of GT Gold might cost less the shares they now own.
This really is simple logic. If Newmont-Goldcorp sell Red Lake producing mine and few days later
add up GT gold at a premium this is very good news for GT Gold.
Where smoke there`s fire
https://www.kitco.com/news/2019-11-25/Newmont-Goldcorp-sells-Red-Lake-for-375-million-plus-100-million-in-contigencies.html