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Newcrest Mining Limited Message Board

  • landing1099 landing1099 Aug 31, 2010 10:45 AM Flag

    Is Newcrest a good gold stock?

    This was posted on the LIHR board.

    <<I had 800 shares of LIHR (av. cost 23.78/shr). So I made a bit of money with LIHR.

    800/0.843 sh of newcrest = 949 shares of NCMGY with max ads shares choice.

    Today I sold 800 shares of LIHR for 39.48 a share. I got 31584 - 10 = 31574.

    After that I bought newcrest shares at 32+ or 30434 including commission.

    I think I come out ahead by 31,574- 30,434 or $1,140.

    So instead of taking the offer that Newcrest made, I took advantage of the price difference -sold Lihr and bought Newcrest on my own.

    Am I right in my calculations?

    Did I do right? >>

    Was the poster right to buy Newcrest? Anyone long Newcrest?

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    • Does not seem very many people are on this board.

      I wonder if all the LIHR share holders sold their shares and didn't take any Newcrest shares.

      But if you bought Newcrest at 32+ and it is gone up to 39+ in less than a month, you know you have a good gold stock!

      I am long Newcrest too!


8.23+0.06(+0.73%)Aug 28 3:59 PMEDT