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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 rocco43on Dec 04, 2013 9:50pm
263 Views
Post# 21972660

RE:RE:RE:Pretium should issue new shares

RE:RE:RE:Pretium should issue new sharesLots of companies are financing their growth by offering rights. So when the company announces rights offering it is for the existing shareholders at discount price and for specific time.

Each shareholder usually receives one transferable right for each common share. So if the PVG offers right @ $2 per share to shareholders, and the common share is trading @ $6.15 you have double you’re holding for the total cost of $8.15 (the right will be transfer to one common share).

However, if the shareholders do not wish to exercise their rights to buy new common shares under the offering, will have the option of selling the rights in the market. 
Bullboard Posts