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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
Comment by carbideon Jan 24, 2019 12:30am
130 Views
Post# 29274103

RE:RE:RE:Gold comparison. - fundamentals

RE:RE:RE:Gold comparison. - fundamentalsWell said.  Perfect futures in mining are rare indeed.  Also true about insider ownership: very little skin in the game.  Most of the officers are pulling in 2-3 million in annual comp, and can't muster as much as a year's pay in stock, even though they get the shares for free.  Exercising options and selling stock at every opportunity, even sub-ten-dollars.  Does this give you confidence, as a common shareholder?  RQ has about 2.6m shares, but even thos are founder's shares, freebie shares, and even then, if you look at his insider trading history, it is mostly selling.  Option exercise, and share disposition.  Watch not what they say, but what they do.

No senior wanted this asset.  Many esteemed professionals expressed doubts as to the viability as a buik underground mine.  Results to date have borne that out.  There is gold here.  It may be a good bet some day when the debt is paid off, and the stock price is in a slump due to a low gold price and faltering operations.  You don't make money in mining stocks by paying up for blue sky.
Bullboard Posts