ST Alpha - "ouch. i used to hold newmont mining, but luckily i sold it years ago....nm" (Reading a Post)

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In response to "huh, was looking at a (formerly) mid-tier gold company in town. they've lost 95% of their market cap in the last 2 years." by mafic

ouch. i used to hold newmont mining, but luckily i sold it years ago....nm

Posted by x (aka dmuck) Dec 22 '14, 18:19

probably was wort about twice what it is now

Responses:

yeah, they're beset by some technical issues. one of their mines in Australia is producing at about $1600/ounce right now. - mafic Dec 22, 18:28 2
- off, that is rough....nm - x Dec 22, 18:31 1
  - they have a bit of a strangling bureaucracy these days. only started getting bad a couple years ago. - mafic Dec 22, 18:37
I'm holding an energy mutual fund in my retirement account...down almost 8% today :( -- nm - Mistletoe Meg Dec 22, 18:28 1
- yeah, i still hold a fair bit of commodity related stuff. i'm getting killed on it lately....nm - x Dec 22, 18:29

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