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1,118 Posts.
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25/06/13
19:22
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"the biggest one-time charge in gold mining history"
Newcrest getting a bit of play on Bloomberg does not bode well considering the US listing.
http://www.bloomberg.com/news/2013-06-23/gold-miner-writedowns-at-17-billion-as-newcrest-signals-fallout.html
and again today:
http://www.bloomberg.com/news/2013-06-24/newcrest-to-cut-about-150-jobs-at-papua-new-guinea-mine.html
I had a look on Skaffold yesterday and it says NCM will be in the $2 and $3 dollar range over the next couple of years.
Bit of a worry.
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