Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 touaregon May 13, 2014 8:16am
355 Views
Post# 22553950

RE:RE:interesting positive casey research article

RE:RE:interesting positive casey research article

Hi zentrarian.. Over the last week or 2 I noticed PVG has de-coupled from the POG/broad markets and taken on a life of its own, showing very strong support on days when other gold stocks were down.. Not sure when the Casey article was published but I find it unlikely that it is the main reason for yesterdays move which seems more like a follow through from recent action than buying from the dwindling followers of Louis James.. From what I can gather Casey has lost a lot of followers over recent years and L James has come up with some blatently terrible stock picks.. Also they recommended PVG (ok not all bad!) way back so I can only conclude they probably sold at $3 after the Strathcona debacle.. 

There may be positive news pending but my sense is that this is one of those times when a stock naturally re-values and of course if short covering is involved it can cause sudden moves like yesterday.. 

Pretium has never enjoyed a sustained period of strong positive momentum in the gold sector.. born in 2011 just after the POGs blow off top.. the stock ran from $8 to $18 against a strong negative sector headwind 2 1/2 years ago and has been in a downtrend ever since enforced by a pretty brutal 3 year correction in PMs.. I think we are now at the very beginning of a return to a time of sustained positive sentiment in the PM sector leading to a huge run in the POG over the next few years.. I think Pretium has all the boxes ticked to become the 'go to' stock as speculators return to the sector.. I am tempted to use that over used expression: "you aint seen nothing yet".. just because however cheezy pump it may sound I think it's true! 

Bullboard Posts