NCM newcrest mining limited
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the theatre of the absurd ...

  1. siameseparrot
    24,765 Posts.
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    06/09/11
    15:13
    Post #: 8922824
    NCM is still trading below $40.00, a price a hedged NCM first reached as gold went over US$1000 early in 2008.

    Gold is currently around US$1912.00 and A$1820.00.

    In the June quarter NCM produced 700,124 ounces of gold and received an average price of A$1409.

    Similar quarterly gold production receiving A$1820.00 increases cash flow in just one quarter by $288 million.

    Watching the NCM share price being consistently hammered down is like watching "The Theatre of the Absurd ..."

    It's only a matter of time before NCM shorters are going to get burned - very badly burned to ashes imo.
    NCM Price at posting: $39.79 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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