NCM 0.00% $23.35 newcrest mining limited

know alls, now tell us something we don't know

  1. 1,566 Posts.
    The past is now past, Lihir was bought,(right or wrong, can't change the fact) writedowns have occurred, NCM is not going to disappear, got knocked down will get up, there is only one question worth answering now, is it fair value now, dirt cheap, or is it too dear still? Dropping AUD may be another reason for the fall too as it is the Proxy for Australian gold and foreign investors may be repatriating their money. If you want leveraged exposure to Aussie Gold, you buy NCM, if you don't you sell NCM. We now go forward, all you omnipotent geniuses can keep rubbishing it all you want(and you are and know who you are), and to be fair, there may be some valid reasons for the rubbishing, however, you cannot go back and change the past. Selling today is only a vote going forward and your belief that going forward NCM goes backward. NCM has taken their medicine, bitter though it is.
 
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Currently unlisted public company.

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