Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by westcoast2019on Nov 02, 2019 5:13pm
172 Views
Post# 30301443

RE:RE:More than half a billion USD market cap. wiped out

RE:RE:More than half a billion USD market cap. wiped out

Wuggy: All else being equal, I'm looking forward to approx CAD$20/sh by end Q1.

That would be an excellent recovery Wuggy . I hope you are correct.

My concern is not the 9g grade.

They obviously were trying to mine a lot of higher than 10g ore in Q3 and Q4 to show off the mine's potential.

Eventually if they were able to stockpile some higher grade they would have been blending with the lower grades above 5g that are stockpild already so 9g to 10 g is probably a realistic grade longer term.

What annoys me is that when a problem arose they tried to hide it instead of just taking the hit that will eventually come once it is known anyway . This opens up the possibility of stock manipulation abuse and serves no long term purpose.Some short term shareholders may flee immediately on any bad news but all mines have startup and operational problems from time to time. The mine will prove itself profitable long term or not as long as management operates it properly. Hiding operation problems until quarterly reports weeks later seems more like a strategy of a management hiding things because they're afraid of losing their job's. If they suddenly found a Bonanza Grade do you think they would wait weeks before letting us know ?

They make very good compensation to operate the company and we deserve to be informed promptly not kept in the dark. Its our money they are playing with. They are entitled to a good salary if they do well but deserve critism if they don't regardless of how the company fares.


<< Previous
Bullboard Posts
Next >>