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NCM down 6% Today
Posted: Mon Jun 27, 2022 6:47 am
by spadesAspade
Any ideas why Newcrest’s SP has been battered overnight, when most other Aussie goldies are up ?
Re: NCM down 6% Today
Posted: Mon Jun 27, 2022 6:52 am
by Scoobydoog
Morning Spades.
Could it be something to do with a leak re 5%? Good for us but not so good for them.
Scoob
Re: NCM down 6% Today
Posted: Mon Jun 27, 2022 6:57 am
by The Dingos Dangles
Northern Star down 11.5% as well.
Re: NCM down 6% Today
Posted: Mon Jun 27, 2022 7:02 am
by GoGreen1
To be fair their sp has been falling for a couple of months, down c25% from recent high.
Re: NCM down 6% Today
Posted: Mon Jun 27, 2022 8:26 am
by GoGreen1
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
Re: NCM down 6% Today
Posted: Mon Jun 27, 2022 12:29 pm
by CanisLycaon
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