NCM newcrest mining limited

tide turned, page-17

  1. 23,954 Posts.
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    By the way, I emailed NCM re Lihir stoppage and I got a terse reply on the 10th October indicating that Lihir had recommenced full production and that
    impact on production was set out in the market release of 20 September.

    I am unsure as to why the market is skeptical as evidenced by the SP drop from $29.94 in Sptember to Friday's close of $22.51. Can Mr Market be that wrong.
    This is a drop of almost 25% and even under the worst case scenario I cant see
    EPS dropping this amount. On the contrary, If Cadia East & MOPU perform as
    expected the EPS should lift at least 20%.

    Cheers
    Moorookamick
 
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