NCM down 6% Today
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spadesAspade
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NCM down 6% Today
Any ideas why Newcrest’s SP has been battered overnight, when most other Aussie goldies are up ?
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Scoobydoog
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Re: NCM down 6% Today
Morning Spades.
Could it be something to do with a leak re 5%? Good for us but not so good for them.
Scoob
Could it be something to do with a leak re 5%? Good for us but not so good for them.
Scoob
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The Dingos Dangles
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Re: NCM down 6% Today
Northern Star down 11.5% as well.
Re: NCM down 6% Today
To be fair their sp has been falling for a couple of months, down c25% from recent high.
Re: NCM down 6% Today
From investors chronicle:
Resources shares tumble on recession fears
Major miners and mining funds funds have come off significantly this month, as jitters over recessions and GDP growth slowing bring on selling
Resources shares tumble on recession fears
Major miners and mining funds funds have come off significantly this month, as jitters over recessions and GDP growth slowing bring on selling
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CanisLycaon
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Re: NCM down 6% Today
It looks like it was the result of a downgrade by Evolution Mining...
"Almost $3.5 billion was wiped off the value of Australia’s big three gold miners on Monday as investors bet that the absenteeism and bad weather that forced Evolution Mining to downgrade gold production would also affect the rest of the sector."
https://www.afr.com/companies/mining/ev ... 627-p5awtn
"Almost $3.5 billion was wiped off the value of Australia’s big three gold miners on Monday as investors bet that the absenteeism and bad weather that forced Evolution Mining to downgrade gold production would also affect the rest of the sector."
https://www.afr.com/companies/mining/ev ... 627-p5awtn
"Every drill hole we put in there finds more gold"