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NCM - NEWCREST MINING LIMITED


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In reply to: jaolsa on Thursday 25/01/07 02:27pm

jaolsa,

i dont follow NCM at all , but from a personal perspective ,

i gave up trying to catch falling knives years ago.

If i dived into NCM today i would surely be punished accordinly.

 

 

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http://www.bloomberg.com/apps/news?pid=206...refer=australia

 

Newcrest's Costs

 

Newcrest, Australia's largest gold mining company, slumped A$2.67, or 11 percent, to A$21.30. The company cut the reserve estimate at part of its Telfer mine in Western Australia, the company's biggest, and said cash costs more than tripled from a year earlier in the last quarter.

 

``It's very disappointing on the cost aspect and on the reserve aspect,'' said Albert Hung, who helps manage A$335 million at Alleron Investment Management in Sydney. Earnings downgrades are ``very likely,'' he said

 

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In reply to: datum on Thursday 25/01/07 05:22pm

datum, in retrospect, it was an implusive buy. lol

 

thu, it's already been heavily sold down over the last couple of weeks from its peak at about 27.00 down to 21.30 at close. i'll review how ncm and the markets are doing on monday before deciding.

 

cheers

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I was under the impression that Mr Smith was trying to make a good impression.

 

I like what he has done with the hedge-book . . .

 

Todays ann re: update of Telfer mine was 'nice', but l understand that a contractor died earlier this morning on-site, yet this was not announced. Poor disclosure http://www.sharescene.com/html/emoticons/thumbdown.gif

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http://www.brr.com.au/site/images/partners/sharescene-logo.jpg

Recent ShareScene.com Radio Broadcast (08/06/2007 16:00:00):

NCM - Address at Melbourne Mining Club - Mr Ian Smith, CEO

 

N.B. ShareScene.com Radio can normally be accessed by the 'RADIO' link, top of every page.

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ShareScene.com Radio delivers investor presentations from ASX listed companies. Keep up to date with the latest corporate dealings of the shares you follow. Hear news direct from the source. Listen to directors and investor relations mangers discuss their company, give investor updates and brief on current results. ShareScene.com Radio keeps you informed about company announcements and events, and provides you daily market wraps and industry discussions.

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