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PRECIOUS METALS
Oz gold companies barracking for Bristow
The battle of the gold titans Barrick Gold and Newmont Mining is going nowhere fast, with Barrick’s nil-premium paper bid for Newmont (based on the 20-day pre-bid average price) sinking to a 7.5% discount on current market prices.
Kalgoorlie's Super Pit in Western Australia
Unsolicited and hostile bids just don't work at nil premiums, let alone 7.5% discounts, no matter how much momentum a hustling and bustling a president and chief executive like Barrick's Mark Bristow can...
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