Nightmarez3k
2023-04-06

$NEWCREST MINING LIMITED(NCM.AU)$  

Haven't posted for a while but gold has been a very good investment in last 6 months.


Newcrest is one of the safer bets in the industry long life mines, low costs and safe jurisdictions.


Current tailwinds have been the gold price and takeover by $Newmont Mining(NEM)$  . The previous takeover bid was picked around $28 aud per share. But appears to be below current share price.

POG probably expected rise further with dedollarisation theme. China and Russia does not feel safe with USDs and probably many more countries including India currently neutral.

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Comments

  • AugustineMac-
    2023-04-06
    AugustineMac-
    NEM is grossly undervalued. It will trade higher and soon,how much NEM do you think is too much to hold?
    • Nightmarez3k
      Buy some NCM you get exposure to NEM when it gets taken over at a premium.
  • jingli
    2023-04-06
    jingli
    It won't take long before more institutional money finds its way into this bellwether gold producer.
  • kookiz
    2023-04-06
    kookiz
    Gold is on its way to 2100 after breaking out of its pennant. Will NEM awaken from its slumber?
  • Ericdao
    2023-04-06
    Ericdao
    Gold is indeed bullish
  • mizzle
    2023-04-06
    mizzle
    The company itself is a train wreck, but because gold is rising people think NEM will finally do well 😂
  • ramius75
    2023-04-09
    ramius75
    👌
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