Wednesday, October 31, 2007

Newmont Mining NEM is flying today

Calls NEM 45 Jan o8 is Up another 80% today.

This is called leverage to the Gold Price:

"8:35AM Newmont Mining beats by $0.47, beats on revs (NEM) 46.44 : Reports Q3 (Sep) earnings from continuing operations of $0.72 per share, $0.47 better than the Reuters Estimates consensus of $0.25; revenues rose 49.4% year/year to $1.65 bln vs the $1.41 bln consensus. Co is narrowing outlook for equity gold sales to between 5.2 and 5.4 million ounces at costs applicable to sales of between $400 and $430 per ounce for 2007. "

"APNewmont Mining 3Q Earnings Double"


http://biz.yahoo.com/ap/071031/earns_newmont_mining_corp.html?.v=3

2 comments:

Anonymous said...

Sufiy, what happened to Salscandle? His board got shut down? Please come visit on the AZK board and let me know if you've heard from him! Thanks.

Sufiy said...

It is very sad story. He has announced that he lost almost all his money TRADING. For me it is hard to believe: he is so good at charts, but what he has admited his dicipline and execution was not the best.

Take care and good luck in INVESTING.