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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

Comment by LovesAUon Feb 16, 2020 10:35am
158 Views
Post# 30697046

RE:RE:RE:RE:Another dose of reality..

RE:RE:RE:RE:Another dose of reality..Very often, articulate people dilute their message by talking too much. My only knock on you paths is that you have forever been a cheerleader even when faced with the fact that we have had terrible leadership.

Not once did I ever hear you mention that- which I find quite odd actually. When the developmental muck memo came out and I was vomiting all over this bulletin board about how crooked that was- you seemed skeptical. When I mentioned that 3-4 times volume day, straight down 10% on no news (Sept 9) you attributed that to the generally weak POG and miners.

So here's the deal. You lost credibility with me and I began to believe that you were in fact an employee/company stooge with a nice vocabulary, a mining background which speaks to your education in the field, but alas you never really acknowledged the obvious.

Miningman was correct. I was correct. I based my deductions on this quarter with the lies and the miss in the 3rd quarter. It was not rocket science. Miningman wasn't far off on the 6 buck call either- I covered shorts at the 7.30 range and closed out my puts.

My biggest problem was achieving a true estimate of actual grade. You were high consistently- miningman was low but very close. My problem was if in fact PVG was cherrypicking/high grading- where was the actual average grade gonna land? We now know at best it's 8g exactly half the grade this company used to sell stock. That's a helluva miss and certainly not just a mistake. 

The stock is now a buy. The problem is it is dead money for a year at best. The new board will direct the new CEO to correct all of the faults of Ovsenek. I found it interesting as well that you have offered to gather comments from a bunch of mouth breathers like the board is going to listen to that. Unless of course- you have something to do with this company.

TG- I am out. It took 6 or 7 years and some nimble trading here. I was hoping for a 25 dollar SP and I got 12. Still 150% profit even after getting my azz kicked in Q3 when Joe maintained his guidance and I had strings of calls. So it's been an interesting ride but the train has finally arrived at my stop. I wish you guys and PVG the best.
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