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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 highperon Sep 11, 2020 2:03pm
220 Views
Post# 31543662

RE:RE:RE:RE:PVG short sqeeze: US short positions nearly unchanged

RE:RE:RE:RE:PVG short sqeeze: US short positions nearly unchangedno banker in their right mind is going to allow pretium to increase its debt load towards the billion dollar mark at this point in time. They wouldn't be able to sleep at night... Pretium hasn't even begun to get hold of and deal with  their $400 million or so debt problem as it is at this time. No one will give them any more money until they have showed they can manage and present a plan to deal with their current debt load. O'Brien and perron know this. That is why Perron mentioned how uncomfortable he was with the companies debt load 4 or 5 times too many in the 2nd quarter conference call. Like i said before pretium is a one trick pony as far as revenue sources go.... Straigtening out their revolving credit loan might be the first step in the companies financial rehabilitation - I believe they drew the last waht was it $15 million due to precautions over the coronavirus situation last spring...
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