By Otto Rock
This was read by subscribers to The IKN Weekly on Sunday. Now it’s your turn.
Newmont (NEM) and Continental Gold (CNL.to): Intel
I semi-promised I wouldn’t come back to this whole CNL Buriticá thing for a while just a couple of editions ago, but I’m going to have to break that semi-promise. This weekend, a reputable source passed on intel that by its nature must remain unconfirmed (so please keep that in mind, I have no second lead on this) but due to the respect I have for the seriousness of my source it’s going to get an airing.
This: According to my source, the board of Newmont (NEM) is meeting this week coming to decide, in an up/down yes/no manner, whether to buy out the remaining 80% of Continental Gold (CNL.to) that they do not already own. Also, my source stated that NEM is not at all happy with the current situation there and says that if NEM stays, they want full control and ownership of the project. End.