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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

Comment by sailor8on Nov 11, 2021 8:24am
157 Views
Post# 34113945

RE:RE:RE:NO !!!!!!!!!!!!!!!!!!!!!!!!

RE:RE:RE:NO !!!!!!!!!!!!!!!!!!!!!!!!Thanks for the article of Peter Arendas, which sums it up all quite good.

Simply "NO" or "Witheld" vote is the best to do in this case !!!
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From todays New Release about Q3, I expect weak figures. They packed as much as possible investment costs into Q3: Big Camp Building expansion, the new assay lab, the contract for aquiring the new electric trucks.

Probably they will have constructed book keeper tricks to let the free cash flow for Q3 look poor due to these investments.

Unfortunately O'Brien and Perron became lap dogs of Newcrest . They hope for their golden parachutes + high paid "adviser" contracts and a comfortable life on costs of PVG shareholders. Perrons "Webcast" together with Newcrest was something between embarrasing, awkward and bizarre in this sense.

So do not be disappointed about poor figures in todays news release released after trading hours.
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