Newcrest problems under rug

Maurice Newman agrees with Don Mercer. Newcrest has done nothing wrong.

Maurice Newman's report into the Newcrest (NCM) earnings downgrade debacle may not have surprised anyone but it will do nothing to soothe the anger of investors.

While not exactly a whitewash, it provides an avenue for Newcrest to paper over the gross ineptitude that led to the disastrous write-downs and its bungled attempt to gently inform the market of the impending doom.

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