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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 ValueHunter92on Nov 08, 2014 7:28pm
266 Views
Post# 23110541

Stock short term and Mid term expectation

Stock short term and Mid term expectation

Since Us recovery is getting better (playing vs gold) BUT the rate will be raise only middle of 2015 potentially, this means gold could fall at least for a bit of time still, and maybe longer... according to the demand of Turkey and China (aka biggest gold imports) , So I think gold price as breaked the 1180 mental support and will be likely to fall till 1120 or maybe 1060-1050$, As a floor price,
 

I suggest for now sell out and come back in 2-4 weeks when share is down 10-15% and they will announce the financing plan by beginning on december or maybe could be thight if it's end of november.

Still, I Suggest on a 2-3 weeks forecast, pull out and come back of PVG, even with banking fee's , the % of drop the share will suffer according to the gold price relativity (gold will go near 1100 MINIMALLY since 1180 mental support is breaken, its micro economic support law that are most of the time true but sometime partially).

Anyways this is just  my opinion , but I guess their is a way to save up to 15% by selling it now and waiting till 4$-4,25$ floor  for the PVG canadian share is reached and  at this time, gold will be around 1050-1120 and then get back IN

MY opinion
 

economic phd from Toronto
Frank

Bullboard Posts