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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
Comment by Wuggyon Oct 17, 2013 2:20pm
346 Views
Post# 21824458

RE:Let the market guide you

RE:Let the market guide youInvestedWolf -- Your logic seems flawed. The same people who sell for a capital loss are going to turn around and add to their position for a new cycle of gains, like I just did.  The knee-jerk selloff is evidently over. Now, people with day jobs need some time to come home, listen to the discussion posted last night, consult their newsletter writers and so forth, and realize that what happened is NOT significant to company operations. Due process is still and always has been respected. 

I frankly find it offensive and juvenile the way this matter was turned against PVG when the problem really seems to be with Strathcona. That appears to have been a deliberate and malicious tactical move.  It would go a long way to repair Strathcona's image in the eye of the entire mining sector if they set aside any interpersonal difficulties and come back to finish the work that they were asked to complete in the first place.  If not, Snowden seems perfectly capable of extrapolating Strathcona-style from the tower sample in parallel with their existing model from the bulk sample, which seems to be the preferred method regardless.

The deciding factor in PVG's favour (h/t to Touareg), is that this is not some penny-ante operation run by people who don't know what they are doing, desperate for guidance. These are seasoned, accomplished professionals, led by Bob Quartermain. They know what they're doing and we need to let them do it. JMO, DYODD, yada yada yada.  Rgds
Bullboard Posts