Despite the problems during the year newcrest increase their profits.
http://www.perthnow.com.au/business/newcrest-profit-to-pass-1b-analysts/story-e6frg2r3-1226113969175
I think it is just a matter of time before this stock is valued much higher than where it is today. Not a great night for goldies in US overnight even though gold is still trading at US$1740+.
With all the cash they will have I beleive they should increase dividend payments as this will probably get the share price moving higher, as acquisitions are not the way to build a share price. Management have some interesting decisions to make. Another interesting thing to note is that if the POG stays at or above current levels and NCM has more luck with weather and production we will see another increase in profit to $1.5b+, people this is actuallu huge, which other company have doubled their profit margin in a couple of years and their share price hardly moved.
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