NCM 0.00% $23.35 newcrest mining limited

The deal sucks at the moment as Newmont shares haven't been...

  1. 172 Posts.
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    The deal sucks at the moment as Newmont shares haven't been performing lately even though high gold prices. Q1 report was disappointing and this takeover seems to have taken the NEM share price down a few notches. However, with the current high Q2 gold prices, NEM's Q2 report should look a lot nicer in about 2 months time if the gold price can stay above or around $2000USD/oz.

    https://hotcopper.com.au/data/attachments/5274/5274229-4982b755699772f52d2de1deab64f7ac.jpg
    https://hotcopper.com.au/data/attachments/5274/5274219-c39d330c3e1c4693e62838fc1300fbef.jpg


    The US debt ceiling "crisis" will be coming into play in the next month and could be similar to the one in 2011 (July to August) which caused gold to spike quite a bit.

    https://hotcopper.com.au/data/attachments/5274/5274205-390e4d789c1ff906614423a38f453322.jpg

    https://hotcopper.com.au/data/attachments/5274/5274212-6607d297c8c4f2c85d36b478a2757105.jpg

    Hopefully in 2 months time, this deal won't suck as bad as it looks right now.
 
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