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Should Newcrest buy rock star explorer?

Feb 13, 2018 (The Australian Financial Review - ABIX via COMTEX) --

There is speculation that Newcrest Mining could capitalise on a sharp fall in the share price of Solgold to make a bid for the copper and gold hopeful. Newcrest paid $US22.8m for an initial 10 per cent stake in Solgold in October 2016, edging out BHP to secure the deal. Solgold shares subsequently rallied and its market capitalisation rose to almost $A1bn. However, Solgold's stock has since retreated to around the level it was trading at when Newcrest bought into the company. Solgold CEO Nick Mather believes that other companies are more likely to acquire Solgold..

Publication Date: 14 February 2018

NEWCREST MINING LIMITED - ASX NCM
SOLGOLD PLC
BHP BILLITON LIMITED - ASX BHP
DGR GLOBAL LIMITED - ASX DGR
ONTARIO SECURITIES COMMISSION
MINEX CONSULTING PTY LTD
FORTESCUE METALS GROUP LIMITED - ASX FMG
HANCOCK PROSPECTING PTY LTD

By Peter Ker

Copyright 2018 Roy Morgan Research. All Rights Reserved.

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