Take physic, pomp

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.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.