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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 Joseph_Kon Aug 23, 2017 2:57pm
226 Views
Post# 26613629

RE:RE:working capital deficiency

RE:RE:working capital deficiencyYou can bet management has been working on it for a while.   It isn't like it took them by surprise.

The only question is how long will it take before they solve it?   It could be done after hours, but that is highly unlikely, as the volume is still only around a million for the day.   I think this will drag on for a while, a week maybe, the sp will bottom and then start back up again.   Today's price likely looks good a number of months from now.   If you are hoping to catch a bottom spike, you'll probably have to be quick on the trigger.

goldminer01 wrote: Yes, minngman, seems like shades of New Gold going on.  Management is mum on plan to overcome this issue, that is certainly not helpful.  So I see stock sliding toward $US 7 by end of next month.


Bullboard Posts