NCM
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0.00% $23.35 newcrest mining limited

They need capital of course. From AGM presentation NCM will be...

  1. RiverSheep
    252 Posts.
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    25/10/13
    12:17
    Post #: 12486262
    They need capital of course. From AGM presentation NCM will be cashflow neutral if gold is at A$1450. You need free cash flow to repay debt/interest. Though I am not sure how to time this one. Looks risky both ways. NCM does have some really good assets, though the balance sheet is increasingly looking like an FMG with -ve cash flow.
    NCM Price at posting: $11.04 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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