the worst may be over, page-7

sydneyguy,

You talk such nonsense, Not sure why your so negative re: Newcrest.

NCM is absolutely undervalued and i'm fortunate to have entered NCM at low 9's. (Once in a life time opportunity)

Investors who buy into NCM do not do so based on a dividend but instead growth. (The growth potential now represents an easy 100% gain which IMO supersedes the dividend you talk about)

Anyone buying Newcrest for a dividend IMO is an amateur trader/investor. (You want dividends go to Telstra or the banks)

The fact of the matter is the following:-

1 - POG has strong support at $1,200 which also represents a cost base for most of the major players and therefore anything below this will kill off supply.

2 - NCM's current market cap (which is a joke) does not represent the true intrinsic value (any man and his dog can see this)

3 - This is a must needed restructure for maintaining profits.

4 - Newcrest has 40 years worth of Gold (one of the largest resource base in the world)

5 - Newcrest is an absolute takeover target right now, who wouldn't want to pick up a $200,000 Mercedes Benz for say $35,000?)

The downside risk is LOW, The upside risk is HIGH.

The market is fearful of Newcrest right now which is the time I'm Greedy.

All the best.