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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

NYSE:NEM - Post Discussion

Newmont Corporation > Imagine
View:
Post by MaterialsMan on Oct 29, 2024 1:15pm

Imagine

Just think if NEM did what BA did yesterday. Boeing announces they are going to raise 15 billion through a sale of stock in order to "sure up' their balance sheet. IMO that reads in order to stay afloat.
Today, BA stock is up.
NEM's cap is a little over half that of BA.
So if NEM announced that they were going to issue about 8 billion in new shares, where do you think its SP would be today.
I'd guess down about 40 or 50 %.
I can't figure this game out.
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Newmont Corporation