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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 Jan 17, 2019 11:42pm
294 Views
Post# 29249542

RE:I really wanted to buy this dip , BUT

RE:I really wanted to buy this dip , BUT The mine reached production, so all 8 had options that were expiring by December. Selling as part of option exercise is not the same as selling without any connected reason. Only one of the sales was not tied to option exercises. However, it was disappointing to see that the person most connected to the grade reconcilliation W.B., is down to just 59 shares. If they wanted to buy the dip they cannot, as they have to wait until after the Q4 report is released. 

However, the reality of what is underway cannot change much after being based on 130,000 core samples. The reserves were 16.1 for the 16M tonne, but not for the main VOK zone being mined now which was 14.5 in situ, after 12% dilution mill feed grade should be 12.5, instead it was 11.98, so it has not been a huge departure. The stock tanked because people would rather throw a tantrum instead of reading the documents, I think. 
Bullboard Posts