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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 zentrarianNZon Dec 26, 2013 3:03pm
349 Views
Post# 22038873

RE:RE:RE:RE:RE:SUE STRATHCONA

RE:RE:RE:RE:RE:SUE STRATHCONAI'm with VOKBLVR on this one. If there's any merit to a lawsuit involving insider trading and the like, now is not the time to pursue it. It would only consume financial resources and mire the sp further in this funk it has yet to fully recover from. There will be time enough for counting - and holding accountable - when the deal is done.

As for Strathcona issuing a statement admitting that they were wrong, all I can say is, dream on. In the first place, from their POV - and almost certainly from a legal standpoint - they weren't negligent, they were simply mistaken in their conclusions because they followed a sampling method that proved insufficient to judge the resource. That might be "wrong", but it isn't criminal.

Granted, as a new shareholder, I've benefited from the sp collapse, but that's beside the point. If Strathcona is the only outstanding issue, then the share price will return to "12 or higher" in due time, so simply holding tight - or taking advanatge of the sale by adding on - would be a better strategy than b-tching about old news.

As another saying goes, "living well is the best revenge."
Bullboard Posts