NCM newcrest mining limited

quite orderly today with gold setting a new low from last week...

  1. 13,192 Posts.
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    quite orderly today with gold setting a new low from last week and markets grinding higher on vapour...

    Appart from that,,what I find interesting,,,,,is that last week there was a suspension as it sold off some 200K tenement,,,,but still the only notice we have of "slashing" is via a mining website,,,nothing from the company,,I would have thought if selling a 200K nothing was worth a sudden suspension,,a second round of "slashing" at one of its bigger mines would warrant a notice, explanation as to numbers and costs of the "slashing"

    Would have also thought, that a confession as to the cashflow position and profit was in order,,,,its not like the gold price is anywhere near the average of 1442 AUD last month,,and from their own reports,,,1450 AUD was very important for reaching their own budgets..

    Anyhoo,,well see over time,,just thought it was interesting I learn of Slashing on HC and from a goodle search but nothing in the ASX notices.........I would have thought that was a continuous disclose thing...

 
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