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$23.35 newcrest mining limited

Perfect time for a predator to strike whilst sentiment is down.

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hopefull4ever

1,157 Posts.

146

16/03/18

13:05

Post #: 31806517
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Originally posted by fbx258 ↑

0058 GMT - The lack of a clear time frame for restarting Newcrest Mining's Cadia operation worries Macquarie, calling the tailings dam-wall failure "a major concern." The investment bank has incorporated a 6-week shutdown into its forecasts, prompting it to reduce its FY gold-output forecast by 4%, or some 110,000 ounces. But the drop could prove bigger, Macquarie adds. Shares are down another 1% today, putting the week's skid at 8.9%. They haven't had that bad of a week since April. ([email protected]; @RhiannonHoyle)

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Perfect time for a predator to strike whilst sentiment is down.

NCM Price at posting: $19.69 Sentiment: Buy Disclosure: Held
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