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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

Post by sailor8on Dec 18, 2020 9:18am
212 Views
Post# 32138786

Poor performance of the O'Brien year

Poor performance of the O'Brien yearThe article tries to applaud O'Brien and his CEO for good work in this year at Pretium.

Misleading the article praises the performance of the PVG shareprice within this year. Falsly the article stated at the end:

As a result, Pretium shares are currently up around 10 per cent on its price at the beginning of the year.


Yahoo shareprice datas say this about share price performance from this Years start until yesterdays close:

Pretium (PVG)               = + 7.01 %
GDX (Gold miner ETF)  = +27.36 %
GLD (Proxy for Gold)     = +23.68 %
Seabridge (SA)              = +49.13 %

In addition sadly O`Brien and his CEO have no guts to explain their so called Snowfield deal in a reasonable way. They created a bad Material Change for Pretium Resources to the disadvantage of us shareholders with this "deal".

O `Brien flushed down a deposit containing metalls in 60 to 100 Billion USD range for just 100 mill USD (without shareholders approval!).

Is O`Brien there for Pretium or is Pretium there for O`Brien ?!

User image

Zoom in into this YTD chart:
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I refer to this article: 
https://themarketherald.ca/discovery-at-the-hanging-glacier-zone-with-2-1-g-t-gold-over-102-meters-including-9-5-g-t-gold-over-13-meters-demonstrates-significant-near-mine-exploration-potential-at-brucejack-2020-12-17/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cnews_tab
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