{"id":2457,"date":"2013-06-10T14:31:42","date_gmt":"2013-06-10T18:31:42","guid":{"rendered":"http:\/\/www.juniorminingnews.com\/?p=2457"},"modified":"2013-06-10T14:31:42","modified_gmt":"2013-06-10T18:31:42","slug":"who-knew-what-when-about-newcrest","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=2457","title":{"rendered":"Who knew what, when about Newcrest?"},"content":{"rendered":"<p><strong>By\u00a0Tim Treadgold<\/strong><br \/>\n<em>Forbes<\/em><\/p>\n<p><em><\/em><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-full wp-image-2463\" title=\"newc165\" src=\"http:\/\/juniorminingnews.com\/wp-content\/uploads\/2013\/06\/newc165.jpg\" alt=\"\" width=\"148\" height=\"49\" \/>Gold bugs love a conspiracy theory and with last week\u2019s share price crash of one of the world\u2019s biggest gold miners, Australian-based\u00a0<a href=\"http:\/\/www.forbes.com\/companies\/newcrest-mining\/\">Newcrest Mining<\/a>\u00a0, they will have a feast, complete with the savory-garnish of a formal investigation by the corporate cops.<\/p>\n<p>A stock which sold at $40 (A$42) just two years ago Newcrest crashed back to a nine-year low of $10.80 on Friday triggering cries of foul from wounded investors and aggrieved stockbrokers who believed they had been left out of an information loop by Newcrest management.<\/p>\n<p>What particularly irritated outsiders was a series of well-timed downgrades from five big broking houses, using well-polished crystal balls, in the 72 hours before Newcrest admitted to deep financial problems that include a $5.7 billion asset-value write-down.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/timtreadgold\/2013\/06\/10\/new-gold-bug-conspiracy-theory-who-knew-what-and-when-about-newcrest\/\" target=\"_blank\"><strong>Continue reading . . .<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold bugs love a conspiracy theory and with last week\u2019s share price crash of one of the world\u2019s biggest gold miners, Australian-based Newcrest Mining , they will have a feast.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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