NCM 0.00% $23.35 newcrest mining limited

the bottom is in...., page-38

  1. 13,156 Posts.
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    price in compared to what? the old price of 42 with expectations of ever increasing margin and production..

    At 10 bucks what do you get
    No DIV
    Falling EPS, Gold price has PLUMETTED since the companies last update, that means their EPS will be even lower.....

    Forecasting with a falling price a QTR is very difficult, let alone a year or out three.....so going on the price, previous reports, current announcemnts, It will be lucky to make 20-30 cents next year,,,,,,,hence the current price is just dreaming imo, just traders having a go with huge ranges but reality will set in eventually....businesses with shrinking margins, margins under pressure, poor price outlooks, high debt don't usually stay at high forward PE

    This leg down in Gold will eventually mean more write downs, but the debt will stay right there with its hand out getting paid, no matter what,,,,,,,so no way I would want to hold that
 
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