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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 LovesAUon Feb 25, 2018 10:38am
131 Views
Post# 27616774

RE:RE:RE:SSRM additional sale.

RE:RE:RE:SSRM additional sale.

Time and time again, I return to that "developmental muck" press release. 

PVG hi-graded some material, ran it- and then rather than wait for the quarterly press release where we could ALL read the same report at the same time- 

So PVG held the door open for their buddies and gave them the volume they needed to find the exits and they sold into that strength. We all become bag holders a month later when they announced the actual numbers sans the "developmental" muck story. What about this paths is so hard to understand? 

It is what it is. It tells us what kind of leadership we have. I have also been contacted by a law firm that would like to file a class action suit. I won't join the class bcuz only the lawyers make money.Interesting that in or out- we may also be subjected to litigation/settlement costs on top of the other dilutions. To say I am angry at PVG is an understatement. I am done investing in all of these miners- they are just thieves. Of the 10 or so I have invested in- only Tahoe Resources made me a little money. You are far better off investing in an etf or index fund that trades off the POG- because individually these miners are just crooks and  if you want exposure to the metals space- I think you are far better off in a place where one developmental muck story doesn't shave off half your portfolio value.

Bullboard Posts