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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 sailor8on Dec 31, 2021 10:24am
288 Views
Post# 34273648

RE:RE:RE:Shorts panic over sale

RE:RE:RE:Shorts panic over saleIf you are really moving into retirement, an independent PVG would be the best you can ask for.

In Q3 PVG management could only "avoid" to start paying a dividend by packing most of the very strong cash flow into investments (thought for the later profits of Newcrest):
  • big building activities at Brucejack with new camps for the stuff
  • the new built Core Shack for Brucejack
  • the new built own Assay Lab
  • the contract for the electric underground haul trucks 
  • big diamond drilling activities for near by mine expansions including the new Big Discovery called "Norhtblock"*
  • development of exploration drifts for further mineralisation zones *
* Unfortunately management was ordered by the board to breach their disclosure duties about these new discoveries.

Proof for example: on Sept. 12 Perron announced the release of phase 4 results of the North Block in the near future. Until years end no word about phase 4 results was given to the shareholders... But I am sure Newcrest received all "North Block" results already, probably in front of their stink offer...

Keep your PVG shares and vote "Against" the Newcrest much too low offer. 

Pretium will deliver the next 30 years great cash flow for dividend payments. A much better dividend yield than the low grade and dirty carbon gas emissioning gold producer "Newcrest" !

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