NEWCREST TOLD : TIME'S UP !!!!

[Sir Jean-Paul Turcaud]

This was the title of the full page article in the West Australian rag on
Saturday !

As promised to you, Telfer Mine will be closed on May 13th next, and so
will be Kalgoorlie as well as all Australian Gold Mines !!!

This is the week end and I am sorry to say it wall be impossible now to get
rid of your Mining Criminals ' shares ( Newmont, Newcrest, BHP-Billiton 's )

Why not try on Tokyo Stock Exchange on early Monday, since I will the first
to open.
May the unaware Japanese are going to grab them as a god-sent bargain ???
May be although I doubt it
Try it anyway since this is either that or losing 80 % of those within the
next week !

In any case, you cannot say that I did not warn 3 weeks ago !
So please don't blame me !!!


Now let's lift our Heart and Thank the Almighty for punishing the Mining
Criminals in the most appropriate way !!!
jp


************************************

LET'S PRAY NOW !

Great Celtic God, The Unique, The Unnamed, The Blessed One and Creator of
all !
Teach us to love our friends as best as we can with honour,
and hate our enemies and pursue them with our revenge until they pay or ask
for mercy !
Please curse them just as we do, and support our just anger !

Give us strength to uphold at all time the Blessed Celtic Sword of Justice,
and never falter in the Respect of our Duty & Obedience to the Sacred
Cosmic Laws !!!!

LET IT BE

HAIL TO THE CELTS !!!!

************************************

With kind but sorry regards

--
Sir Jean-Paul Turcaud
Australia Mining Pioneer
Founder of the True Geology

Exploration Geologist & Offshore Consultant
Mobile +33 650 171 464
mining_pioneer/at/yahoo.com
http://www.tnet.com.au/~warrigal/grule.html
http://users.indigo.net.au/don/tel/index.html

~~ Ignorance Is The Cosmic Sin, The One Never Forgiven ~~

 

[Carole]

"Sir Jean-Paul Turcaud" <xyz@atlante.edu> wrote in message
news:dts5vh$bj$1@apollon.grec.isp.9tel.net...

This was the title of the full page article in the West Australian rag on
Saturday !

As promised to you, Telfer Mine will be closed on May 13th next, and so
will be Kalgoorlie as well as all Australian Gold Mines !!!

You don't really mean they're closing doors for good, do you?

Maybe they're having a rostered day off (RDO) on May 13.


Carole
http://www.conspiracee.com

 

[Carole]

"Sir Jean-Paul Turcaud" <xyz@atlante.edu> wrote in message
news:dtsfqm$hl7$2@aphrodite.grec.isp.9tel.net...

Not at all, Carole !
Telfer Mine is folding up and so will be Kalgoorlie and all australian
Gold
Mines before May 13th next

Read the article of the WA rag, and learn how the whole rat crew with
Palmer leading the way has evacuated already the sinking Newcrest ship !

Hi Jean-Paul,

How to get hold of a copy of a WA rag, that is the question.
I can't seem to find anything on the internet. The heading does show up in a
search engine but is no longer current.
Maybe somebody from WA can confirm the story.

I don't mean to doubt your word or veracity, but you have said some things
in the past that are open to interpretation.

Do you have shares in australian Gold mines, Carole ?
You are trying to gain a bit of time by putting it over the UK investors
until you rid yourself of it on Monday ?
Too late, my dear !

No I don't have any shares in gold.

If this is true about Telfer closing it is amazing.


Carole
http://www.conspiracee.com

 

[B J Foster]

why don't you go play troll-and-slave somewhere else?

Carole wrote:

"Sir Jean-Paul Turcaud" <xyz@atlante.edu> wrote in message
news:dts5vh$bj$1@apollon.grec.isp.9tel.net...

This was the title of the full page article in the West Australian rag on
Saturday !



Hi Jean-Paul,
I finally managed to find a copy of the article for interested readers.

* * *
Newcrest told: time's up
JOHN PHACEAS

Newcrest Mining's two-day sharemarket losses crashed through the $1 billion
mark yesterday as analysts warned their patience with Australia's biggest
gold miner was running out after its warning that fresh problems at the
massive Telfer mine would again cost millions in lost profits.

After Thursday's bloodbath, when nearly $750 million was wiped from the
company's worth as its shares plunged more than 9 per cent, the stock
yesterday slumped another $1.19 to $20.89.

The 5.4 per cent plunge wiped another $400 million off Newcrest's market
value, which fell below $7 billion for the first time since December. The
company is now valued at $6.95 billion, almost $2.1 billion less than at the
start of the month when the stock peaked at $27.20.

This week's falls come in the wake of the company's warning on Thursday that
continued metallurgical problems at the $1.4 billion Telfer project in the
Pilbara would cut production by at least 100,000 ounces of gold this year,
and that customers were unhappy with the high levels of impurities in copper
concentrate from the mine.

Adding to the bad news, Newcrest also revealed respected managing director
Tony Palmer wanted to quit around the time of his 60th birthday in the
middle of the year, and that its massive hedge book was more than $1.34
billion in the red at the end of December.

Coming in the wake of more than $200 million in cost overruns at Telfer and
Mr Palmer's public assurances last month that rumours of ongoing processing
problems were untrue, analysts said yesterday Newcrest's credibility was
almost in tatters.

"We feel the market has lost confidence and patience in the 'just around the
corner story'," Goldman Sachs JBWere analyst Ian Preston said in a research
note. "It is hard to see Newcrest outperforming without positive catalysts
and we fail to see any in the near future."

Mr Preston said Mr Palmer's impending exit also left a major void that would
need to be filled quickly.

That theme was echoed by investment bank Credit Suisse First Boston.

"Board credibility (has been) severely tested," CSFB analyst Michael
Slifirski said in a client note. "Having restated the acceptability of
Telfer's 800,000oz production target on January 30, the sudden downgrade has
not been adequately explained."

Mr Slifirski noted that Newcrest had now gone through four managing
directors and two acting chief executives since the redevelopment of Telfer
was first proposed in the mid-1990s.

Mr Palmer's departure also appeared "premature" given he had previously
indicated his intention to remain on board until Telfer was completed and
running smoothly.

Broker Bell Potter warned investors to "remain cautious" until Telfer began
performing to expectations, especially given that Newcrest's net debt was
now more than $1.67 billion and gearing levels were above 50 per cent.

Still, StockResource co-founder Grant Craighead said investors needed to
remember Telfer was a 40-year project and that the current problems should
be behind it within one to two years.

"There are plenty of challenges in the immediate future, but they will
diminish over time, so what you end up with is a very long-life, large-scale
asset," he said.

"We're probably at the maximum point of pain now for the company, so this is
about as tough as it gets and it's actually coming out the other side."

Though the stock appeared expensive above $20 on its short-term prospects,
Mr Craighead said Newcrest remained cheap compared to North American
predators who were no doubt eyeing the company's long-life assets and its
big reserve base.

"So it looks attractive to longer term investors who believe, as we do, that
sooner or later a predator will take it out," he said.

Carole
http://www.conspiracee.com

 

[Sir Jean-Paul Turcaud]

Thank you Carole,

I am on the phone since about an hour with Jacques.
He is telling me about all those people working up there !
Desperate situation for many now !

With kind regards

jp

~~ Ignorance Is The Cosmic Sin, The One Never Forgiven ~~

"Carole" <hubbca2003@yahoo.com.au> a écrit dans le message de news:
4401c8dd$0$30884$5a62ac22@per-qv1-newsreader-01.iinet.net.au...

"Sir Jean-Paul Turcaud" <xyz@atlante.edu> wrote in message
news:dts5vh$bj$1@apollon.grec.isp.9tel.net...
This was the title of the full page article in the West Australian rag on
Saturday !


Hi Jean-Paul,
I finally managed to find a copy of the article for interested readers.

* * *
Newcrest told: time's up
JOHN PHACEAS

snip

 

[Sir Jean-Paul Turcaud]

"Der Coach" <dercoach@FanaticLegions.mil> a écrit dans le message de news:
1204sb86rlc5o5c@corp.supernews.com...

snipped

25 years ago, 1981, when they gave you that $25,000. You could have
invested in a company called Microsoft (MSFT....... or Intel, ( INTL),
or Prudential, ( PRU) or even ATT or Gulf Oil, or , shit man, the list
goes on and on...........
With $25000 you could have done VERY well for yourself. But you figured
that your old age is the taxpayers responsibillity.
Well, maybe in a country full of surrender monkeys that beg the imams not
to cut their heads of..... in German,......
But not here slick. This is " the Internet".
But you expect us, and the rest of the world to feel sorry for you.
Sorry, not all the world is socialist like France. Not all of us feel that
we're "entitled" to anything. Most people work, scrimp, save, invest, and
then work some more, to make a life.

You might get a cheque from the Frog Gov't but you won't get one from us.

Enjoy the rest of this life JP.....
Please stop giving money to the Imams....
Thank You.

Der Coach
CICFL
PPoE
Infidel # 2112

Coach,

.... apart your insulting post, which I take it upon me not to reciprocate, I
did not receive 25 000 $
Find out the right figure for once, and stop swallowing the Mining
Criminals' announcements as little milk

As I said to Dr Don Findlay sometimes back, I would have signed with the
Newmont, Newcrest & BHP manure for only ONE DOLLAR !

.... and right there those pieces of shit could have saved themselves 24 999
$ indeed !
( I am sure this will stop those miserable degenerate Misers sleeping
tonight )

Independently of this, all the credit for the 3 mines I put on the map in
the Great Sandy Desert were given to 7 geological filth, whom some of them
you know personally !
The Land of Bastards has not been able to give credit in 36 years to someone
like me,
.... and the reasons are multiple in my view although I shall not waste time
elaborating on this

... and whatever the reasons this is too late anyway !

My interest is developing Deep Sea Dredging and thanks to the True Geology I
am in position to help willing enterprises to find easily the Huge Placers
deposits of Gold ( 100 millions tons ) Cassiterite, Platinum, Illemenite /
Heavy Sand / Zirconium, and last but not least Diamonds by the ton ! ...
as you are not aware, what I disclosed publicly on the Internet regarding
those Huge deposits in the 7 seas was known from the USA since a good 50
years. I got it in a different way that Howard Hughes ( murdered in cold
manner indeed ) but still I got it ... and this thanks to the True Geology.

With best regards

PS Malozemoff did not profit very long from its forfeiture, as you probably
know...

--
Sir Jean-Paul Turcaud
Australia Mining Pioneer
Founder of the True Geology

Exploration Geologist & Offshore Consultant
Mobile +33 650 171 464
mining_pioneer/at/yahoo.com
http://www.tnet.com.au/~warrigal/grule.html
http://users.indigo.net.au/don/tel/index.html

~~ Ignorance Is The Cosmic Sin, The One Never Forgiven ~~

 

[Sir Jean-Paul Turcaud]

"Der Coach" <dercoach@FanaticLegions.mil> a écrit dans le message de news:
1204sb86rlc5o5c@corp.supernews.com...

snipped

25 years ago, 1981, when they gave you that $25,000. You could have
invested in a company called Microsoft (MSFT....... or Intel, ( INTL),
or Prudential, ( PRU) or even ATT or Gulf Oil, or , shit man, the list
goes on and on...........
With $25000 you could have done VERY well for yourself. But you figured
that your old age is the taxpayers responsibillity.
Well, maybe in a country full of surrender monkeys that beg the imams not
to cut their heads of..... in German,......
But not here slick. This is " the Internet".
But you expect us, and the rest of the world to feel sorry for you.
Sorry, not all the world is socialist like France. Not all of us feel that
we're "entitled" to anything. Most people work, scrimp, save, invest, and
then work some more, to make a life.

You might get a cheque from the Frog Gov't but you won't get one from us.

Enjoy the rest of this life JP.....
Please stop giving money to the Imams....
Thank You.

Der Coach
CICFL
PPoE
Infidel # 2112

Coach,

.... apart your insulting post, which I take it upon me not to reciprocate, I
did not receive 25 000 $
Find out the right figure for once, and stop swallowing the Mining
Criminals' announcements as little milk

As I said to Dr Don Findlay sometimes back, I would have signed with the
Newmont, Newcrest & BHP manure for only ONE DOLLAR !

.... and right there those pieces of shit could have saved themselves 24 999
$ indeed !
( I am sure this will stop those miserable degenerate Misers sleeping
tonight )

Independently of this, all the credit for the 3 mines I put on the map in
the Great Sandy Desert were given to 7 geological filth, whom some of them
you know personally !
The Land of Bastards has not been able to give credit in 36 years to someone
like me,
.... and the reasons are multiple in my view although I shall not waste time
elaborating on this

... and whatever the reasons this is too late anyway !

My interest is developing Deep Sea Dredging and thanks to the True Geology I
am in position to help willing enterprises to find easily the Huge Placers
deposits of Gold ( 100 millions tons ) Cassiterite, Platinum, Illemenite /
Heavy Sand / Zirconium, and last but not least Diamonds by the ton ! ...
as you are not aware, what I disclosed publicly on the Internet regarding
those Huge deposits in the 7 seas was known from the USA since a good 50
years. I got it in a different way that Howard Hughes ( murdered in cold
manner indeed ) but still I got it ... and this thanks to the True Geology.

With best regards

PS Malozemoff did not profit very long from its forfeiture, as you probably
know...

--
Sir Jean-Paul Turcaud
Australia Mining Pioneer
Founder of the True Geology

Exploration Geologist & Offshore Consultant
Mobile +33 650 171 464
mining_pioneer/at/yahoo.com
http://www.tnet.com.au/~warrigal/grule.html
http://users.indigo.net.au/don/tel/index.html

~~ Ignorance Is The Cosmic Sin, The One Never Forgiven ~~

 

[Sir Jean-Paul Turcaud]

Further to Der Coach 's insulting post towards an Australia Mining Pioneer,
the French people and France at large, it is worthy to let it known as well
than the man is a Newmont, Newcrest & BHP Mining Criminals ' employee (
geophysicist ) ... and hence is well aware of the fact that I received
really NOT A CENT NOR A THANKS from the Mining Criminals nor from their
Australian Corrupt-The-Bone Political Backers in the West Australia
Parliament in Perth or the Federal Parliament in Canberra. The Gutless
Australian Pollies have at all time a well rooted tradition due to their
Convict-strain genealogy to crawl indeed in front of forceful Financial /
Banking or Mining Criminals !
.... as a result in the Land of Bastards only Geological frauds can be
credited for Mining Discoveries, only Liars & Thieves can be hailed as
Pioneers and only indeed Hardened Criminals of all hair can be celebrated as
model of Success in such debased Antipodean Degenerate Hellish Australian
Society !

IN THE LAND OF BASTARDS THE SCUM RISES TO THE TOP !
..... and generous, outstanding Mining Pioneers are kicked in the gutter !!!!

* Needless to say that Telfer Mine is Cursed and will close by May 13th next
* Needless to say that eventual take over (s) by opportunists will be doomed
to failure, and any fools embarking into such venture will lose up to their
last cent.
* Needless to say that all my knowledge in offshore Continental Shelves and
Deep Sea Placer Deposits ... and expertise hence to get the Millions of tons
of Gold, Platinum, Cassiterite, Illemenite, Diamonds; + Manganese, Iron,
Aluminium (Kaolin, Bauxite) Ores available by the billion of tons on the
very precise location which my expertise in True Geology has already
determined !!!

WITH THE AIM OF CLOSING ALL AUSTRALIA GOLD MINES !!!

* Needless to say that my other amazing discoveries in the field of Medecine
will not be disclosed
NB
In the Disease Business, the medic clowns are on the same crawling level
indeed as all those other clowns masquerading as Geologists the world over.
On the one hand we've got those germs, viruses, genes founded theories on
dizzeazzezzzz, and on the other we've got ze Glaciationzzzzz, ze Continental
Rafting, ze Millionzzzz of yearzzz as operating tool of transformation etc !
Same mass produced Universilities brainwashed dudes indeed !

Consequently I will not disclose to the world my famous cure of Cancer,
Brain Tumour, AIDS in 5 days flat, release of Drug addiction within minutes
& definitive clearing in a month, ... of thrombosis, arteriosclerosis,
Tetanus in terminal phase in 1 second flat ! INDEED what would I fell if the
sons or daughters ( or any relatives for that matter ) of Howard, Hawke etc
Gallop, Lawrence, Court etc Malozemoff, Leroy, Parker, Searls, Palmer,
Murdy, Etheridge or of any of the Mining Criminals employees or
collaborators 'descent where to benefit from such other outstanding indeed
new discoveries of mine .... or any Australians for that matter ! ... a
country completely unable of the most basic moral response such a Gratitude
& Recognition !!!! There is no doubt in my mind that if such finds were
indicated, as in the past, all those greedy Bastards would jump the claim,
take all credits and run away without a thanks !

.... to those who object, please be happy to realise that you have all your
Quacks' research going on with billions spent on finding Curez .... go and
bleat to your gods alternatively for solutions to your well dezzerved
ailments ... and also alternatively ask the Official Mining Heroes of both
the WA & Federal Whorehouses .... and the scum sitting in such dens of
perdition for a release to your predicaments !
Nothing would please me better than to know than Tyrwhitt, Searls, Murdy,
Palmer, Court, Gallop, Carpenter etc sons or daughters are carking it at
this very moment from a fatal disease which the man whose life they
willingly ruined over a whole generation could cure in no time at all !!!

LET'S PRAY AGAIN NOW !

Great Celtic God, The Unique, The Unnamed, The Blessed One and Creator of
all !
Teach us to love our friends as best as we can with honour,
and hate our enemies and pursue them with our revenge until they pay or ask
for mercy !
Please curse them just as we do, and support our just anger !

Give us strength to uphold at all time the Blessed Celtic Sword of Justice,
and never falter in the Respect of our Duty & Obedience to the Sacred
Cosmic Laws !!!!

LET IT BE

HAIL TO THE CELTS !!!!


--
Sir Jean-Paul Turcaud
Australia Mining Pioneer
Founder of the True Geology

Exploration Geologist & Offshore Consultant
Mobile +33 650 171 464
mining_pioneer/at/yahoo.com
http://www.tnet.com.au/~warrigal/grule.html
http://users.indigo.net.au/don/tel/index.html

~~ Ignorance Is The Cosmic Sin, The One Never Forgiven ~~

"Der Coach" <dercoach@FanaticLegions.mil> a écrit dans le message de news:
1204sb86rlc5o5c@corp.supernews.com...

snipped

 

[Sir Jean-Paul Turcaud]

Further to Der Coach 's insulting post towards an Australia Mining Pioneer,
the French people and France at large, it is worthy to let it known as well
than the man is a Newmont, Newcrest & BHP Mining Criminals ' employee (
geophysicist ) ... and hence is well aware of the fact that I received
really NOT A CENT NOR A THANKS from the Mining Criminals nor from their
Australian Corrupt-The-Bone Political Backers in the West Australia
Parliament in Perth or the Federal Parliament in Canberra. The Gutless
Australian Pollies have at all time a well rooted tradition due to their
Convict-strain genealogy to crawl indeed in front of forceful Financial /
Banking or Mining Criminals !
.... as a result in the Land of Bastards only Geological frauds can be
credited for Mining Discoveries, only Liars & Thieves can be hailed as
Pioneers and only indeed Hardened Criminals of all hair can be celebrated as
model of Success in such debased Antipodean Degenerate Hellish Australian
Society !

IN THE LAND OF BASTARDS THE SCUM RISES TO THE TOP !
..... and generous, outstanding Mining Pioneers are kicked in the gutter !!!!

* Needless to say that Telfer Mine is Cursed and will close by May 13th next
* Needless to say that eventual take over (s) by opportunists will be doomed
to failure, and any fools embarking into such venture will lose up to their
last cent.
* Needless to say that all my knowledge in offshore Continental Shelves and
Deep Sea Placer Deposits ... and expertise hence to get the Millions of tons
of Gold, Platinum, Cassiterite, Illemenite, Diamonds; + Manganese, Iron,
Aluminium (Kaolin, Bauxite) Ores available by the billion of tons on the
very precise location which my expertise in True Geology has already
determined !!!

WITH THE AIM OF CLOSING ALL AUSTRALIA GOLD MINES !!!

* Needless to say that my other amazing discoveries in the field of Medecine
will not be disclosed
NB
In the Disease Business, the medic clowns are on the same crawling level
indeed as all those other clowns masquerading as Geologists the world over.
On the one hand we've got those germs, viruses, genes founded theories on
dizzeazzezzzz, and on the other we've got ze Glaciationzzzzz, ze Continental
Rafting, ze Millionzzzz of yearzzz as operating tool of transformation etc !
Same mass produced Universilities brainwashed dudes indeed !

Consequently I will not disclose to the world my famous cure of Cancer,
Brain Tumour, AIDS in 5 days flat, release of Drug addiction within minutes
& definitive clearing in a month, ... of thrombosis, arteriosclerosis,
Tetanus in terminal phase in 1 second flat ! INDEED what would I fell if the
sons or daughters ( or any relatives for that matter ) of Howard, Hawke etc
Gallop, Lawrence, Court etc Malozemoff, Leroy, Parker, Searls, Palmer,
Murdy, Etheridge or of any of the Mining Criminals employees or
collaborators 'descent where to benefit from such other outstanding indeed
new discoveries of mine .... or any Australians for that matter ! ... a
country completely unable of the most basic moral response such a Gratitude
& Recognition !!!! There is no doubt in my mind that if such finds were
indicated, as in the past, all those greedy Bastards would jump the claim,
take all credits and run away without a thanks !

.... to those who object, please be happy to realise that you have all your
Quacks' research going on with billions spent on finding Curez .... go and
bleat to your gods alternatively for solutions to your well dezzerved
ailments ... and also alternatively ask the Official Mining Heroes of both
the WA & Federal Whorehouses .... and the scum sitting in such dens of
perdition for a release to your predicaments !
Nothing would please me better than to know than Tyrwhitt, Searls, Murdy,
Palmer, Court, Gallop, Carpenter etc sons or daughters are carking it at
this very moment from a fatal disease which the man whose life they
willingly ruined over a whole generation could cure in no time at all !!!

LET'S PRAY AGAIN NOW !

Great Celtic God, The Unique, The Unnamed, The Blessed One and Creator of
all !
Teach us to love our friends as best as we can with honour,
and hate our enemies and pursue them with our revenge until they pay or ask
for mercy !
Please curse them just as we do, and support our just anger !

Give us strength to uphold at all time the Blessed Celtic Sword of Justice,
and never falter in the Respect of our Duty & Obedience to the Sacred
Cosmic Laws !!!!

LET IT BE

HAIL TO THE CELTS !!!!


--
Sir Jean-Paul Turcaud
Australia Mining Pioneer
Founder of the True Geology

Exploration Geologist & Offshore Consultant
Mobile +33 650 171 464
mining_pioneer/at/yahoo.com
http://www.tnet.com.au/~warrigal/grule.html
http://users.indigo.net.au/don/tel/index.html

~~ Ignorance Is The Cosmic Sin, The One Never Forgiven ~~

"Der Coach" <dercoach@FanaticLegions.mil> a écrit dans le message de news:
1204sb86rlc5o5c@corp.supernews.com...

snipped

 

[Sir Jean-Paul Turcaud]

"Kim Elve" <kelve@gdportal.com> a écrit dans le message de news:
4402dfb7$1@dnews.tpgi.com.au...

Thank's for the head's-up Jean-Paul. Given the long term projection for
gold (http://www.smallcapnetwork.net/archive/listserv/20051123-2.html) and
the fact that this projection appears to be playing out
(http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=HUI&sid=0&o_symb=HUI&x=39&y=13),
the depressed share prices in the article that Carole tracked down would
appear to make them a great long term buy. I hope people heed your warning
and dump their stocks to drive the price lower.
Missed your reply.

Sure, and you are right indeed, Kim.
Best.
jp

 

[Carole]

"Sir Jean-Paul Turcaud" <xyz@atlante.edu> wrote in message
news:dts5vh$bj$1@apollon.grec.isp.9tel.net...

This was the title of the full page article in the West Australian rag on
Saturday !

Hi Jean-Paul,
I finally managed to find a copy of the article for interested readers.

* * *
Newcrest told: time's up
JOHN PHACEAS

Newcrest Mining's two-day sharemarket losses crashed through the $1 billion
mark yesterday as analysts warned their patience with Australia's biggest
gold miner was running out after its warning that fresh problems at the
massive Telfer mine would again cost millions in lost profits.

After Thursday's bloodbath, when nearly $750 million was wiped from the
company's worth as its shares plunged more than 9 per cent, the stock
yesterday slumped another $1.19 to $20.89.

The 5.4 per cent plunge wiped another $400 million off Newcrest's market
value, which fell below $7 billion for the first time since December. The
company is now valued at $6.95 billion, almost $2.1 billion less than at the
start of the month when the stock peaked at $27.20.

This week's falls come in the wake of the company's warning on Thursday that
continued metallurgical problems at the $1.4 billion Telfer project in the
Pilbara would cut production by at least 100,000 ounces of gold this year,
and that customers were unhappy with the high levels of impurities in copper
concentrate from the mine.

Adding to the bad news, Newcrest also revealed respected managing director
Tony Palmer wanted to quit around the time of his 60th birthday in the
middle of the year, and that its massive hedge book was more than $1.34
billion in the red at the end of December.

Coming in the wake of more than $200 million in cost overruns at Telfer and
Mr Palmer's public assurances last month that rumours of ongoing processing
problems were untrue, analysts said yesterday Newcrest's credibility was
almost in tatters.

"We feel the market has lost confidence and patience in the 'just around the
corner story'," Goldman Sachs JBWere analyst Ian Preston said in a research
note. "It is hard to see Newcrest outperforming without positive catalysts
and we fail to see any in the near future."

Mr Preston said Mr Palmer's impending exit also left a major void that would
need to be filled quickly.

That theme was echoed by investment bank Credit Suisse First Boston.

"Board credibility (has been) severely tested," CSFB analyst Michael
Slifirski said in a client note. "Having restated the acceptability of
Telfer's 800,000oz production target on January 30, the sudden downgrade has
not been adequately explained."

Mr Slifirski noted that Newcrest had now gone through four managing
directors and two acting chief executives since the redevelopment of Telfer
was first proposed in the mid-1990s.

Mr Palmer's departure also appeared "premature" given he had previously
indicated his intention to remain on board until Telfer was completed and
running smoothly.

Broker Bell Potter warned investors to "remain cautious" until Telfer began
performing to expectations, especially given that Newcrest's net debt was
now more than $1.67 billion and gearing levels were above 50 per cent.

Still, StockResource co-founder Grant Craighead said investors needed to
remember Telfer was a 40-year project and that the current problems should
be behind it within one to two years.

"There are plenty of challenges in the immediate future, but they will
diminish over time, so what you end up with is a very long-life, large-scale
asset," he said.

"We're probably at the maximum point of pain now for the company, so this is
about as tough as it gets and it's actually coming out the other side."

Though the stock appeared expensive above $20 on its short-term prospects,
Mr Craighead said Newcrest remained cheap compared to North American
predators who were no doubt eyeing the company's long-life assets and its
big reserve base.

"So it looks attractive to longer term investors who believe, as we do, that
sooner or later a predator will take it out," he said.

Carole
http://www.conspiracee.com

 

[The Real Andy]

On Mon, 27 Feb 2006 05:59:59 +1100, B J Foster <bjfoster@yahoo.com>
wrote:

why don't you go play troll-and-slave somewhere else?

Pot calling the kettle black dont you think?

<snip>

 

[Mick]

"The Real Andy" <will_get_back_to_you_on_This@> wrote in message
news:em95025t298tk8r5g61ne0m6294ik2nvrb@4ax.com...

On Mon, 27 Feb 2006 05:59:59 +1100, B J Foster <bjfoster@yahoo.com
wrote:

why don't you go play troll-and-slave somewhere else?

Pot calling the kettle black dont you think?

snip
Bugger someone stole my line. ;-P

--
Mick -))
You don't have to be mad to post on Usenet,
but it certainly helps.

http://users.bart.nl/~centrvak/PC.Humor/PC.Images/IntelInside.jpg
http://zapatopi.net/afdb/
http://babelfish.altavista.com/

 

[Kim Elve]

"Sir Jean-Paul Turcaud" <xyz@atlante.edu> wrote in message
news:dtuaim$3le$1@apollon.grec.isp.9tel.net...

Thank you Carole,

I am on the phone since about an hour with Jacques.
He is telling me about all those people working up there !
Desperate situation for many now !

With kind regards

jp

~~ Ignorance Is The Cosmic Sin, The One Never Forgiven ~~

"Carole" <hubbca2003@yahoo.com.au> a écrit dans le message de news:
4401c8dd$0$30884$5a62ac22@per-qv1-newsreader-01.iinet.net.au...

"Sir Jean-Paul Turcaud" <xyz@atlante.edu> wrote in message
news:dts5vh$bj$1@apollon.grec.isp.9tel.net...
This was the title of the full page article in the West Australian rag
on
Saturday !


Hi Jean-Paul,
I finally managed to find a copy of the article for interested readers.

* * *
Newcrest told: time's up
JOHN PHACEAS

snip

Thank's for the head's-up Jean-Paul. Given the long term projection for gold
(http://www.smallcapnetwork.net/archive/listserv/20051123-2.html) and the
fact that this projection appears to be playing out
(http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=HUI&sid=0&o_symb=HUI&x=39&y=13),
the depressed share prices in the article that Carole tracked down would
appear to make them a great long term buy. I hope people heed your warning
and dump their stocks to drive the price lower.

 

[Sir Jean-Paul Turcaud]

Not at all, Carole !
Telfer Mine is folding up and so will be Kalgoorlie and all australian Gold
Mines before May 13th next

Read the article of the WA rag, and learn how the whole rat crew with
Palmer leading the way has evacuated already the sinking Newcrest ship !

Do you have shares in australian Gold mines, Carole ?
You are trying to gain a bit of time by putting it over the UK investors
until you rid yourself of it on Monday ?
Too late, my dear !

You should have done so 3 weeks ago before I announced the HUGE POTENTIAL
WITHIN EASY REACH AND JUST OFF THE CONTINENTAL SHELVES OF MANY COUNTRIES I
NAMES AROUND THE WORLD ( about 3 OR 5 MILLIONS TONS !
+
of course those HUGE DEEPSEA GOLD PLACER DEPOSITS AMOUNTING TO OVER 100
MILLIONS TONS !
( and which as a the True Geology is able to easily point out indeed )

With kind but sorry regards

--
Sir Jean-Paul Turcaud
Australia Mining Pioneer
Founder of the True Geology

Exploration Geologist & Offshore Consultant
Mobile +33 650 171 464
mining_pioneer/at/yahoo.com
http://www.tnet.com.au/~warrigal/grule.html
http://users.indigo.net.au/don/tel/index.html

~~ Ignorance Is The Cosmic Sin, The One Never Forgiven ~~

"Carole" <hubbca2003@yahoo.com.au> a écrit dans le message de news:
4401ac30$0$30879$5a62ac22@per-qv1-newsreader-01.iinet.net.au...

snip

Newcrest's managing director Tony Palmer said he would leave the company
around the middle of the year, around the time of his sixtieth birthday.
Carole
http://www.conspiracee.com