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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 Realnewson Jun 29, 2020 2:38pm
204 Views
Post# 31204304

Stop Whining and do something about it!

Stop Whining and do something about it!
The current investing trend in the gold miners are the junior and explorer companies. The producers are creeping along slowly barely taking a bid with rising gold prices which in contrast the junior explorer stock prices are exploding with the optimism of future buyouts by the big dogs and/or cheap financing which was not available a year ago. Unless PVG decides to spend some of its new found capital on exploring for new reserves not just Brucejack's or another economically feasible mine site on their land package I expect minimal stock price gains going forward. Like it or not, this is the reality of the current situation. I got a ton invested in this company and Im thinking Im one of the last bagholders not counting the cheerleaders on this site that couldnt recite a single quarterly cost over the last ten or more quarters other than pushing dreamy optimism and short sellers are to blame. As a reference KL has a hell of a lot better finances than PVG and their stock price struggles equally because they are basically a producer. So if you really want to get PVGs stock price moving up push management via investors relations to promote expanding their operations through exploration which would create market value with real optimism of growth. Basically that is the only value Seabridge, which is reserves with optimism. Focusing only on streamlining operations which is two years in the making for pvg has limited upside but more times than not it's downside but combining this with expanding the company's free cash flow, limiting debt and providing a optimism towards real growth should be their priority. Half of the low market cap explorers currently have one thing in common multiple mine sites whose resources are in the process of a 43-101 or expanding on a current one then moving towards PEA, not PVG. I hope the new CEO sees a more productive path towards bringing value back to the shareholders like he stated during his introduction at the last earnings call.
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