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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 BSdetector2016on Nov 18, 2019 5:20pm
141 Views
Post# 30366965

What the Shorties don't want you to figure-out:

What the Shorties don't want you to figure-out:(1) Most of that hung muck from Q3 will go through the mill in Q4.
(2) Gaps always get filled, and the most recent gap will likely fill prior to Q4 news.
(3) The "Big Boys" can't find enough ounces to keep producing the way they do; they will eventually come knocking with a chequebook.
(4) Pretium shorty position is so large that a boatload of them will want out at the same time when good news makes them squirm. That spells short squeeze and a much higher share price when they all scramble for the door at the same time.
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