NCM - Newcrest Mining

[Sean K]

Good morning
Reported today (17/10/23) via New Corp Media:

Newcrest's gold production dropped to 454,312 ounces in the three months to September 30, with its copper production also slipping to 30,624 tonnes following "routine planned maintenance activities" across its operations. The quarterly report comes as the Federal Court is set to approve Newmont's takeover of Newcrest later Tuesday. If the scheme of arrangement is approved by the Federal Court, it is expected to become effective on October 18 and implemented on November 6.

Have a very nice day, today.

Kind regards
rcw1

NEM has halved in the last year or so while gold is about the same and we're at war all over the shop. I'm really not sure if I want to own this woofer. Some significant resistance on the way back up.

 

[DrBourse]

NEM has halved in the last year or so while gold is about the same and we're at war all over the shop. I'm really not sure if I want to own this woofer. Some significant resistance on the way back up.

View attachment 164170

Hi Sean....
I'm looking to sell NCM on 20/10/23, 23/10, 24/10, 25/10 or 26/10 for the best I can get....
Reason being that I just do not want to get involved, ever again, in American Stocks, too many dramas, & too much paperwork....

 

[Sean K]

Hi Sean....
I'm looking to sell NCM on 20/10/23, 23/10, 24/10, 25/10 or 26/10 for the best I can get....
Reason being that I just do not want to get involved, ever again, in American Stocks, too many dramas, & too much paperwork....
View attachment 164171

I assume it loses a dollar ex-dividend. I'm going to come out not much better than even on this, even though I doubled down under 20 bucks.

I'm still tossing up what to do. I'm a bit of a contrarian at heart and see gold going much higher. Best I understand the implication of the Australian listing and NEM's other projects a bit better.

Flying into a sand storm with this.

 

[DrBourse]

 

[DrBourse]

Hi Sean,....
Do you have any idea when NEM on the ASX opens - thought it was to be on the regular open time - but the freakin thing is just sitting there stuck in Pre-Open...

 

[frugal.rock]

@DrBourse
NEM?
NCM is suspended?

 

[DrBourse]

@DrBourse
NEM?
NCM is suspended?

I made no mention of NCM......
You do have a lot to learn don't you - Keep at it You'll understand it one day...

 

[DrBourse]

I made no mention of NCM......
You do have a lot to learn don't you - Keep at it You'll understand it one day...
View attachment 164704

Bingo, just opened at $59.74

 

[Sean K]

Bingo, just opened at $59.74

Sorry, missed your earlier post. You forgot the @ thing before my name.

I've still got no idea whether I want this thing.

I haven't seen any plans for what they're going to do with the peripheral or marginal projects, including exploration plays.

Maybe they spin off PNG into a new company. Might consider buying out Havieron/Greatland and use Telfer as the plant. The Canadian things look high quality. Exploration and investments in the Andes - no idea.

Might just transfer the funds into the GDX...

 

[DrBourse]

@Sean K
OK M8,....
i was going to Bail on NCM, but then I sent some time researching NEM - looks pretty good to me....
I could have bailed at a small loss, decided against that - NEM is now in the Bottom Drawer Holding Pen atm....
See how it travels over the next 12 mths..
Cheers

 

[frugal.rock]

I made no mention of NCM......
You do have a lot to learn don't you - Keep at it You'll understand it one day...

I had question marks.
Hopefully, one day I can "know it all", just like you.
Meanwhile, I'm nearly as arrogant already.

 

[System]

On November 8th, 2023, Newcrest Mining Limited (NCM) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement under which NCM will be acquired Newmont Corporation (via its subsidiary, Newmont Overseas Holdings Pty Ltd).