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NCM - Newcrest Mining

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Trav. said:
Some up side for NCM ~ 8% to short term resistance and could possibly have a good week so one to watch.
Click to expand...

Just flicking through some gold stocks and the NCM chart continues to look pretty good since my last post here 2 weeks ago. Looks like that short term resistance level will be tested in the next few days.

Not holding but good luck to those that do.

 
Don’t know much about NCM’s acquisitiveness but am curious what people think of the prospect of them trying to buy the outstanding 30% of Red Chris???
 
LongCU said:
Don’t know much about NCM’s acquisitiveness but am curious what people think of the prospect of them trying to buy the outstanding 30% of Red Chris???
Click to expand...
BC is a great place and very prospective mining belt with Vancouver being the best City. Disclaimer - I have lived and worked from Vancouver in my past life.
However my concern is the team mobilised to Red Chris from includes previous GM of Telfer (also held in Cadia), very talented metallurgists from Newcrest unfortunately are not good entrepreneurs and could struggle in BC rules and regulations. So I am a bit question mark on the success at Red Chris - stretching capability I would say. Having said that I could be biased to provide independent comments or observation. Primarily because I am also a shareholder of NCM

Major Mines & Projects | Red Chris Mine

Red Chris Mine Open Pit Mine is located 17 km SE from Iskut, British Columbia, Canada
miningdataonline.com

Red Chris

Newcrest’s Red Chris operations in British Columbia, Canada
www.newcrest.com
 
I am holding NCM as a discretionary buy, with the hope of the Gold price generating some action, which hasn't really happened (probably a good reminder to stick with the system buys) --- but anyway I am still hanging in there to see if NCM can have a little kick up.

Weekly chart below which gives me some hope that Newcrest will turn the corner and have a run at + $30

 
A new mob of @rseho!es must be in charge of the @rseho!e pot aka sit-down money in the green and pleasant environs of Lihir.

Good on them for getting away with it. I do hope NCM didn't pay over the odds for the toilet paper.

gg
 

John's Mining Journal: Solgold and Hummingbird - Master Investor

Veteran mining analyst John Cornford reviews some of the more interesting plays in the junior mining sector…
masterinvestor.co.uk

Now that Solgold’s AGM has confirmed that – as suspected – major shareholder BHP has joined with Newcrest and long-standing critic Cornerstone Resources to vote their combined 36.2% against the re-election to the Board of CEO Nick Mather, the question is why?
 

Newcrest Mining Exercises Option to move to Stage One under its farm-in agreement at Cornerstone’s Miocene gold-copper Project, Chile

OTTAWA, Dec. 29, 2020 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GW...
www.juniorminingnetwork.com
OTTAWA, Dec. 29, 2020 (GLOBE NEWSWIRE) -- Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce that Newcrest International Pty Limited (“Newcrest”), a subsidiary of Newcrest Mining Limited (ASX, TSX: NCM)), having completed its initial minimum work commitment of US$1.1 million at the Miocene gold-copper project in Chile (the “Project”), has elected to exercise its option to advance to Stage 1 under the Farm-in Agreement between them dated December 7, 2018 (see Cornerstone news release dated December 10, 2018).
 
Have never really considered Newcrest.
Just having a look at the chart, solid downtrend.
Can anyone clue me into the FA that prevails on this down trend?
One would expect a reversal at some stage, I guess, however I expect everyday is testing some resolve whilst it stays in down trend.
3 year chart.

 
How about the fact that the price of gold is going down. All charts of the gold producers look crap (unless you're shorting them).
 
Inflation - perhaps this time world CB's will decide to inflate away the debt, a big inflation spike is way over due.
 
I brought ncm recently, but still too early as major fall since.
Inflation should lead to pog increase then gold miner up crazily.
But in a world where economy is gov managed and controled, it can take a while to have basic reality set in.a slow grind.
you can invest and by the time you become right be already ruined :-(
So the market is always right and the market is people..you know, the ones you have to drive with, work with, listen to in public transports and elect our leader, they decide what they want to read and watch in media and on FB
If THEY are always right, what are YOUR chances?
2021 is a very bad time to be logical, scientifically knowledgeable and economically aware.
And to invest in ncm...
BTW, Newcrest is also mining mostly in a volcano..an extra factor not many seem to take into their risk mgt so dyor
 
Hey mate.
Is the volcano in Australia or ?
Cheers
 
qldfrog said:
PNG lihir
https://www.newcrest.com/our-assets/lihir
Click to expand...
thanks @qldfrog
I knew about Lihir operation for a long time but did not know, it is a volcano. Thanks for sharing the link. Having worked in Newcrest in two occasion with a gap of 15 years , I do have some psychological road blocks but NCM share is not going any where and off late, did not read any encouraging feedback from the chart specialists.
 
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