When I was investigating Newcrest - it was a worry to me that they loved south east asia so much. As soon as Kingsgate diversified contries, regions, and metals - i though - Yes please! ill take that for under $6 per share - id ont care how much capital your raising. Remember Newcrest are a multi mine company, the loss of 50% of one mine may hurt - but I dont see it breaking the company down beyond repair like such a thing would do to some small/mid cap guys. My buy price for NCM is $32 - call me crazy but im not really worried.
Multiple mines don't seem to carry as much weight these days. I sold a third of mine into to the rally to $40 some time back so haven't been to worried about them either but the latest news is of a concern but I figure it should give them capital to redirect elsewhere at least.
Thought you guys might like this article http://goldstocktrades.com/blog/2012/03/16/gold-and-silver-find-support-at-long-term-uptrends/
John Hathaway on King World News Today http://kingworldnews.com/kingworldn...hn_Hathaway_files/John Hathaway 3:21:2012.mp3
Hathaway is always good to listen, calm rationale, and he makes some good points but the failed break out to 1800 that last time hurt a fair bit. Hopefully it is a higher low though.
