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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

Post by sailor8on Nov 01, 2019 4:25pm
191 Views
Post# 30299254

More than half a billion USD market cap. wiped out

More than half a billion USD market cap. wiped out185.32 million shares outstanding times 2.74 USD (the shareprice loss from Wedneday close til todays close) is equal roughly 507 million USD ! 

This is what a hysteric and manipulated market wiped out on our Market Capital after the Q 3 results.

Remember the facts about 2019 quarter results: 

Earnings per share doubled from Q 2 to Q 3 and cash flow from operations nearly doubled from Q 2 to Q 3 !

Common sense will win and the big gap from Wednesday to Thursday will be closed. 

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2019 Q2 adj. earnings per share = 0.09 USD
2019 Q3 adj. earnings per share = 0.18 USD

2019 Q2 cash flow from operations = 41.2 mill USD
2019 Q3 cash flow from operations = 77.8 mill USD
 
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