NCM 0.00% $23.35 newcrest mining limited

four reasons why gold is going down to $1,000 , page-4

  1. 13,099 Posts.
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    gold,,,,it did break to yet another low last night before a mild rebound ,,,lower low....

    ........."5~6 $ per share means NCM is 3.5 billion, If you are right It will be massive target for Chinese & Indian & USA .........

    yep what a deal that would be,,,,spend 3.5Bln to get 4.6Bln in debt and a swag of high costs mines ............everyone telling me how smart the chinese are,,,,,,,,,,,,,,,,that doesn't sound too smart to me,,,,,maybe if it was 5 and the mines were all cashflow positive and all profitible and the gold price was trending up...........

    Anyway,,you never know,,,,but it was called a takeover target at 36-30-26-20-16 9 and here we are, debt rising, slashing costs and mining stockpiles in the face of a trending lower gold price.........

 
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