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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 13, 2021 9:46pm
192 Views
Post# 34124072

RE:RE:RE:RE:RE:RE:Major Institutional SELLERS according to Morningstar:

RE:RE:RE:RE:RE:RE:Major Institutional SELLERS according to Morningstar:Thanks!

We have to take into account that in that said time frame from middle of September until Oct. 31 we had two major super drill result news: The big North Block resource expansion (Sept. 13) and the Golden Marmot finding (Oct 25).

Under normal circumstances these two new ultra high grade assay results would have led to very very strong price rally for PVG shares. Virtually we had found most probably a second and third Brucejack like mineralisations, both in grades and in aproximately size. Both possible to mill at the existing mill place without problems. Two super jack pots !

Everybody wondered at that time, that the shareprice reacted only rather limited. The rather strange sell activities incl. said short selling may had been a market manipulation to suppress our arising share price rally at that time, for advantage of the then following Newcrest offer ... (see my calculaton about win and loss for Newcrest by market short selling manipulations).
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