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LGL, LIHIR GOLD LIMITED
melua
post Posted: Aug 27 2011, 10:37 AM
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In Reply To: flower's post @ Aug 23 2010, 12:33 PM

Copper is great to have. Have a look the supple/demand curve and you will understand why copper continues to head North.

 
flower
post Posted: Aug 23 2010, 12:33 PM
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In Reply To: anka's post @ Aug 23 2010, 10:49 AM


Hi Anka--it's a sad day when the ASX loses yet another of its star turns in the dwindling gold sector, which over the last 25 years has been decimated by takeovers, but this one was always inevitable.

As someone recently said--we are moving on! The next question will be: Is NCM a worthy gold trading stock? For me---NO.

Far too much copper content--see below part of the Chairmans statement---so it's goodbye to Lihir Gold

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Combining Newcrest and LGL brings together a portfolio of complementary operating and
development projects. Newcrest already holds significant assets in PNG, and in
Queensland, that sit well with LGL's operations in PNG and Queensland. The combined
portfolio will include:

· Three large, low-cost, long-life producing assets still with upside potential (Cadia,

Lihir Island & Telfer)

· Five shorter life, high margin mines (Gosowong, Bonikro, Hidden Valley, Mt

Rawdon, Cracow)

· Significant brownfield growth potential (Gosowong, Bonikro, Hidden Valley)

· Two large established resource growth options (Wafi-Golpu, Namosi)

· Significant greenfield growth potential in Cote D'Ivoire

· Complementary mix of pure gold and gold-copper assets

· First quartile cash costs

· Room to develop Newcrest's resources with high copper content, such as at

Wafi/Golpu, without losing its gold premium.





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Combining Fundamental comments with Fundamental charts.
 
anka
post Posted: Aug 23 2010, 10:49 AM
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In Reply To: pot of gold's post @ Aug 23 2010, 10:38 AM

Do u not read announcements- sholder meeting re vote of merger

 
pot of gold
post Posted: Aug 23 2010, 10:38 AM
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Anyone noticed that both LGL and NCM in Trading Halt till 25th August, 2010 any news leaks out there!!!

 
flower
post Posted: Aug 3 2010, 05:19 PM
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In Reply To: Ladybird's post @ Aug 3 2010, 02:57 PM

Hi Ladybird, as a trader of LGL over more years than I care to think about if it were me I would sell out completely for the following reasons:

1. I dont know exactly what the effective dates are, but very soon you wont have any choice as the offer is accepted formally.
The dates I can see are the final court approval in PNG on 27th August and the issuance of NCM shares to LGL holders on September 13th.

2. NCM is DUAL production company, copper and gold, and you will have to be on top of what NCM mills are producing at any one time--ie sometimes it will be more copper, sometimes more gold, and sometimes the prices of both commodities in USD move in opposite directions exerting push/pull on the share price--ie If I was playing the gold market I want a stock 100% exposed to the USD gold price ONLY.

3. NCM is currently priced at $33, LGL $4.16, different trading animals IMO.

4. NCM becomes a more complex beast, with more potential mine problems--ie Telfer--is it finally all sorted?

This not to be taken as advice--since I am not a licensed person--just my opinion!



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Combining Fundamental comments with Fundamental charts.
 
henrietta
post Posted: Aug 3 2010, 03:17 PM
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In Reply To: Ladybird's post @ Aug 3 2010, 02:57 PM

Hi ladybird

Balance has it pretty right I would think. NCN are a very solid gold company. However, if you are not too fussed on NCM, then take your cash and do something else. If you want great capital gain, then NCN will only give it if the price of gold rises appreciably.

Thing is, you've already enjoyed a very good capital gain ( I assume) , so maybe look around for another company which looks to be undervalued.

NCM for leverage to gold price, something else for pure speculation. Never hurts to take your profits. You never know what's around the corner ..... eg BP and it's oil disaster.

Cheers
J

 


balance
post Posted: Aug 3 2010, 03:04 PM
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In Reply To: Ladybird's post @ Aug 3 2010, 02:57 PM

ladybird,can I suggest getting to know ncm first before making a decision.Probably make it easier.NCM a good long termer too if gold continues to stay strong.
Many alternatives but NCM is the big one.Does not hurt to have some big reliable very liquid stocks before venturing into the smaller end if that is what you are considering.

cheers,
b.



--------------------
Day Trader: Lowest form of life in the known universe.
Shorter: Can limbo under a day trader.
Investor: Salt of the Earth.Sits to the right of God (Warren Buffet)
Share prices are only ever manipulated down.
Paper losses are not really losses.
Chat site posters always know better & know more than anyone about anything.
I'm 29.
The cheque is in the mail.
 
Ladybird
post Posted: Aug 3 2010, 02:57 PM
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I have 5000 LGL shares. I have read the paperwork and am still confused at what is the best to do.
I bought LGL for long term, never thInking they would be TAKEN OVER.
So if I just take the B option which, I wanted as many ncm as I could get.
Which would be under 1000ncm.
because 5000 divided by 8.43........ Or should I just sell them and buy another gold share?
Any ideas. probably not put very well.

 
Duster
post Posted: May 4 2010, 10:21 AM
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http://www.theaustralian.com.au/business/m...o-1225861897883



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Patience is the key to success.

Said 'Thanks' for this post: abner29  
 
disco stu
post Posted: May 4 2010, 10:19 AM
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In Reply To: anka's post @ May 4 2010, 09:26 AM

And your valuable contribution to the ShareScene community has been....?

 
 


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