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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 dcjones4396on Aug 06, 2019 7:00pm
205 Views
Post# 29999562

Short Squeeze Coming?

Short Squeeze Coming?Considering our share price has only modestly risen during this blistering run up in the price of gold over the last several weeks, I am left to believe that the "Shorters" have yet to substantially relent as of yet. I would think that absent a reversal in the POG in the very near term, these shorties may have their hand forced sooner rather than later? We really haven't seen much of a short squeeze as we have been inching up in price, don't you think? I know our friend Sailor periodically posts the short interest numbers. From what I've seen, these numbers haven't been reduced all that much. This leads me to believe that a short squeeze has yet to come? Thoughts?
Bullboard Posts