NCM 0.00% $23.35 newcrest mining limited

immediate target, page-71

  1. 13,171 Posts.
    lightbulb Created with Sketch. 2811
    Hi OPt et all,

    haven't had a chance to do much analysis on the report, but the technical continue to look strong with that bounce off the bottom of the moving average,,first time in a while, would be even more positive for the technical imo if it had a weekly close above that...but as you say that will depend on the flow of the markets and sentiment..

    Gold broke below the 1330 for a huge test of 1317.5,,,and it broke bown and back on good volume so,,always a so it needs to keep going to 1330 and if that is broken another short at 1350..

    Burnett you were right,,,despite the report,,(always a s trong last qtr for ncm) cash position has increased significantly since the write downs,,previously 7/6/2013 approx. 750, now 950M cash and overdraft,,and that shows that the CFO ( I Assume) got the cash under control when they needed to........

    Lets see some expansion of POG AUD to continue to bring support up......

    they are a price taker,,,,,but if the price does expand , suddenly being a price taker isn't all that bad...

    Not in love with them,,but they have potential...lets see
 
watchlist Created with Sketch. Add NCM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.