IKN

children of an idle brain

We again check in on Newmont (NEM)…

…to work out where it would be trading today if it hadn’t bought Goldcorpse:
So that’d be between +14% and +19% of today’s U$37.65 price. That makes it between U$42.92 and U$44.80. Or if you like, by taking the old 533m shares out count as our level, up to three point eight billion dollars washed down the toilet. Because mining.

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