But the CEO will have to work 24/7 Just to watch progression of cost saving on its acquisition and also making sure all mines respect their production cost and capex.
Hathaway didn’t like Newmont’s (NYSE:NEM) $16.8 billion acquisition of Newcrest and he noted that neither did the market, with Newmont’s share price tanking, post-acquisition. “I would not call mergers of equals healthy. There’s very little value creation,” he said.
time will tell but gold at $2170 plus is a big help for him. Often luck is also part of the equation
glta