Is Australias top gold miner ripe for a raid?
Stockbrokers in Australia are becoming more animated as local gold shares begin to spark on improved performances and mining blueprints and a business columnist ,Stephen Bartholomuez, today may have provided them with rocket fuel. Author: Ross Louthean Posted: Friday , 15 May 2009 PERTH – Well known business commentator Stephen Bartholomuesz provided analysts and market speculators with food for thought in suggesting the country’s only major domestically-owned gold producer Newcrest Mining Ltd (ASX: NCM, NYADR: NWCNY) may again be a target for takeover. Writing in Business Speculator, Bartholomuesz suggested that Newcrest’s chief Ian Smith went close to suggesting the company’s story was too positive to tell at this week’s Merrill Lynch conference in Barcelona, Spain. A copy of Smith’s presentation, made promptly available on Intierra’s Minmet data base, certainly showed that in both cash cost performance and production growth Newcrest was providing a leading performance for majors to
