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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

Bullboard Posts
Post by Wuggyon Oct 09, 2013 10:13pm
421 Views
Post# 21805289

A Theory

A Theory

I have nothing of substance to back up the following. It's just a theory, from trying to read between the lines of today's coverage:

What we witnessed today may have been the result of professional jealousy: a "clash of egos" between Mr. Farquharson of Strathcona Mineral Services and Mr. Quartermain. Consider <a href=https://mininghalloffame.ca/inductees/d-f/graham_farquharson>Mr. Farquharson's bio</a> alongside <a href=https://pretivm.com/corporate/management/default.aspx>that of Mr. Quartermain</a>. Lacking any more information than what has already been posted, I wonder if Mr. Farquharson brought his admittedly highly respected opinion to the table as an advisor, encountered professional or personal differences in attempting to put his mark on the project, and instead of continuing to work toward a constructive outcome in a situation that the fellow perceived as a "challenge to his integrity or reputation," he decided to take his ball and go home: "It's my way or the highway." In such a hypothetical situation, the person who leaves the trail of disruption might feel smug, long term consequences notwithstanding.

To repeat: I don't know if there is anything to this. It's just a vibe, reading between the lines. My takeaway is that there is nothing to justify the blow we took on the chin today. This is probably the most highly prospective project in the world today, and a lot of people would like to have their names associated with it.

Onward!




Bullboard Posts