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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 Jun 25, 2020 10:34am
1060 Views
Post# 31190109

shorters gang in action

shorters gang in actionSee the increase in short volume in the screen shot. Attention: please do not mix short volume with short interest.

But short volume can indicate that there is something going on on shorters side. So here comes the screen shot:

User image

It seems that the shorters are throwing around with borrowed PVG shares as if there is no tomorrow.

Do not worry, one thing is sure: The shorters must buy back each single share they shorted...

Nice if they would press the share price again below 8. This would be again an opportunity to add / buy on a dip. 

H 1, 2020 will end in 3 trading days. Shorters may try some window dressing on their accounts for that day. But as said: they must buy back sooner than later.

source of the screen shot: https://fintel.io/ss/us/pvg

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