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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 10, 2021 12:23pm
233 Views
Post# 34219015

Shorters had covered nearly half of their 10 million shares

Shorters had covered nearly half of their 10 million sharesShorters actuions in recent weeks...

PVG US market short figures:

Pretium Resources Incorporated $ 13.39
PVG (NYSE) -0.14
view
view
view
Short Interest (Shares Short)
4,170,000
Short Interest Ratio (Days To Cover)
2.6
Short Percent of Float
2.23 %
Short % Increase / Decrease
-10 %
Short Interest (Shares Short) - Prior
4,650,000

PVG Canada markets short figure: 

$PVG.TO PRETIUM RESOURCES INC. J 2,503,360 -331,020 30 Nov 2021
$PVG.TO PRETIUM RESOURCES INC. J 2,834,380 452,664 15 Nov 2021
$PVG.TO PRETIUM RESOURCES INC. J 2,381,716 513,379 31 Oct 2021
$PVG.TO PRETIUM RESOURCES INC. J 1,868,337 276,356 15 Oct 2021
$PVG.TO PRETIUM RESOURCES INC. J 1,591,981 206,542 30 Sep 2021

Short number of shares marked by me in yellow.

Total PVG shares shorted now = 4,170,000 + 2,503,360 = 6,673,360 shares (still) short


In times before that "Aquisition" was announced the total figures for PVG shares shorted was somewhere above 10 millions. 
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I think in the meantime, that this heavy and senseless shorting of PVG - in in times before the "Acquisition" offer - was a market manipulation to bring down the price of PVG.

Imagine Newcrest could fix the offer price only 1 USD below a market price, which PVG would had without these manipulation short sellings. They refer in their offer price news to the market price of PVG...

Then Newcrest had "saved" aound 200 million USD for all outstanding PVG shares & options etc.

Thus according to this theory : Newcrest had saved 200 million USD with market manipulations by short selling and had to cover a "loss" of around 20 million USD to cover these short positions.

Makes a net "winning" of 180 million USD... dirty money and may be it will bring some people involved in front of justice...
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