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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 Nov 22, 2021 6:09pm
263 Views
Post# 34154786

Gap widens to > 20% p.a./ Market does not buy this "offer"

Gap widens to > 20% p.a./ Market does not buy this "offer"The gap between actual shareprice (17.57 CAD) and the "offer" price  (18.50 CAD) had widened. It makes now 5.29 % for roughly 3 monthes, what equals to more than 20 % per year. 

This very big gap and arbitrage possibility of more than 20 % p.a. signals: the market thinks, the "deal" does not go through.

Otherwise this gap would be maximum 5 - 10 % p.a. only.

Good so for long term PVG investors! We like to keep PVG independant with all of its potentials . A lot more drill cores are already in the Core Shack. Assay results should be known within the next monthes. ... at least also known to the mine owners, which are we sharholders ! The CEO spoke about "potential game changing results" on October 25 th.

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