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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 pathson Feb 25, 2018 12:37pm
167 Views
Post# 27617162

RE:RE:RE:RE:SSRM additional sale.

RE:RE:RE:RE:SSRM additional sale.The developmental muck results, were all in the 6 gram/tonne ranges, no hi grade material there. The concept of a ramp up period, and no guidance issued yet was well disclosed. Using the word investment implies to me, that people need to at least hold one or two quarters into the period where the company has actually given guidance. Buying and selling within the period before this is understood, is more in the category of trading, while investing is holding through the significant material changes. The guidance numbers have a wide range, but still were prepared with care and attention, why are people assuming they will be wrong? You grew up beside a mine, so you know the time frames involved here.

Unexpected volatility is everywhere, not just in start up gold miners, so avoiding the sector does not grant immunity. I don't know with certainty how this will work out, but my views cannot change,because I have to follow where the probabilities are pointing. Nobody here is a registered rep so we cannot be saying what decisions anyone else is making. However, everybody knows a loss is not booked until a sale is made, and that volatility often works in both directions, not just one.

We have all held shares through serious dips, and emotionally trying times, have we not. I know all to well what this is all like, I want to try to help, so I'm not writing messages because I want to talk. Also I am disappointed with the prevailing commentary being made about this. I believe that every person that has expressed strong opinions against PVG, has either not provided any back up, or they have made statements that are not technically correct (Joe M. being the recent example).
Bullboard Posts