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Newcrest Mining Ltd NCMGF


Primary Symbol: A.NCM

Newcrest Mining Limited is an Australia-based mining company. The Company's principal activities are exploration, mine development, mine operations and the sale of gold and gold/copper concentrate. The Company owns and operates a portfolio of brownfields and greenfields exploration projects. The Company’s assets include Brucejack, Cadia, Havieron, Lihir, Red Chris, Telfer and Wafi-Golpu. The Brucejack asset is located approximately 950 kilometers (km) from Vancouver, Canada. The Cadia asset is located approximately 25 km from Orange, New South Wales (NSW). The Havieron asset is located approximately 45 km east of Telfer. The Lihir asset is located on the Niolam Island, approximately 900 km from Port Moresby, Papua New Guinea (PNG). The Red Chris asset is located approximately 1,700 km from Vancouver, Canada. The Telfer asset is located approximately 400 km from Port Hedland, WA. The Wafi-Golpu asset is located approximately 65 km from the city of Lae, PNG.


ASX:NCM - Post by User

Bullboard Posts
Post by taylor1988on May 08, 2012 2:29am
268 Views
Post# 19883161

Just one piece of advice

Just one piece of advice

Even good stocks can't go up forever.

 

Look at Apple (APPL) - all the fundamentals in the world going for it.  A chinese market yet to be penetrated.. increased market share.. record earnings, record sales, insane growth, more cash than the U.S. government.  It still hit $650 a share and needs to take a breather.. the tech sector around it is getting beaten as well case in point Baidu and Google.

 

You can make the argument that PVG is the best exploration company in the sector but one could also make the argument Goldcorp and Barrick are the best majors in the sector.. they haven't been able to hide from this lashing on gold stocks.

 

 

You could make the argument Atna, Scorpio Gold, Metanor Resources, American Bonanza and Luna Gold are all producers trading at 5 times cash flow or less and almost book value and they still cant escape this sell-off.

 

 

Every tall tree eventually gets chopped in a broken sector temporarily and this process will be aided by a financing. 

 

 

No need to be a hero and pay $14 a share, I'm a buyer of PVG as well but not at these levels.

 

Why make the same mistake TRR and SLX investors did and rush in early for a bottom.. you end up holding through the sell-off and barely getting your money back when the buy-out comes

Bullboard Posts