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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 VOKBLVRon Jan 18, 2018 11:14am
254 Views
Post# 27385206

RE:We are dying here ..

RE:We are dying here ..
A public company has an obligation to provide material facts to the shareholders-not a blow by blow of the daily operational events. We are entitled to quarterly reports and an annual report with the option to attend the annual meeting. What constitutes a material event is  a matter of interpretation. The minority shareholders have to be treated fairly and equally by the company.
I have seen nothing less from this company to date. There are challenges to get the results predicted by the Feasibility Study and it is obvious that the are attempting to overcome the deficiiencies. The quarterly report which is due shortly, will provide some answers as to how things are going at Brucejack. I expect a thorough report with a view to the future that confirms the overall operational expectations.  If the report shows a continuation of an unsatisfactory operation that is not meeting the goals then there had better be a realistic plan to do whatever is necessary to get on track. Silence from management on a daily basis is not a bad thing.
Bullboard Posts