Bullboard - Stock Discussion Forum Newmont Corporation NEM

Alternate Symbol(s): T.NGT

Metals & Mining Gold

Newmont Corporation is a gold company and producer of copper, zinc, lead, and silver. Its portfolio of assets, prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations is Ahafo. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Its Latin America and Caribbean (LATAC... see more

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Newmont Corporation > At auction

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Post by MaterialsMan on May 22, 2024 11:19pm

At auction

I don't think it's a big secret, but in a recent interview, Tim Clark of FURY indicated that the Eleanor project will be sold at auction this summer.
I like that strategy. It means no long drawn out offers and bidding wars fought in the financial media.
It creates an instant bidding war, sold, signed, sealed and delivered in one fell swoop.
CA's, due diligence etc. are currently underway with many of the big names in the hunt.
FURY is interested because the mine has a short life and FURY has goodies all over the place proximal to the operation. They would like to get bought out.

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