Maybe some rotation out of NCM into NST/SAR?
crazy that the combined NST/SAR have a market cap of ~$18b vs NCM ~$25b. The closeness of the 2 valuations is not backed up by production or reserves, so can only be viewed as a lack of faith in NCM management. Time for Sandeep to get on his bike and go perhaps? Frustrating for that massive value gap not to be recognised by Mr Market!
