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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
Post by Singidunumon Jan 09, 2019 3:12pm
316 Views
Post# 29208142

Selloff

SelloffShares of PVG went up 20% from mid December to Jan 3rd on speculation tha ABX will buy them. That is obviousy not true, so people are taking profits and moving to other opportunities. That is the only explanation for the sell off today. There is no news, there will not be any news. This is how market works. I don't own the shares, but from what I can see, this is not a buy and hold company. It is very speculative and management is bad. It is overvalued at these levels. It will rpobably bounce tomorrow, but not much. Cut your losses and invest in real companies. 
Bullboard Posts